Morrisons chief executive Dalton Philips will receive just over £6m from the retailer in his first year.

Philips, who started in his new role at the end of last month, was handed a package including share incentives worth up to £2.2m, according to the Financial Times, as well as £950,000 he would have received from his former employer, Canadian retailer Loblaw.

He will receive a basic salary of £800,000 and bonuses that could total £1.6m.

Philips took over as chief executive of the Bradford-based supermarket following the defection of Marc Bolland to Marks & Spencer.

M&S was on the receiving end of criticism from shareholders when it emerged that Bolland was in line to pocket up to £15m in his first year at the high street icon.

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New Morrisons boss Philips starts today (29 March 2010)
Marc who? Morrisons exults in record profits (13 March 2010)
Backlash over Bolland’s £15m golden hello (2 February 2010)
Editor's Comment: When Sir Terry goes, contrast the succession planning with Morrisons (30 January 2010)