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Weir the people

The board of Weir Group has rewarded chief executive Keith Cochrane with a near-£1 million bonus and double-digit pay rise.

Cochrane received a £625,000 salary and £975,000 bonus as part of a £1.62m package, up from £1.26m the previous year.

Finance director Jon Stanton will receive a 5 per cent rise to £420,000 from next month. For last year Stanton received a £392,500 salary and £400,000 bonus as part of an £806,957 package, up from £732,573.

Legal and commercial director Alan Mitchelson, who is standing down at the forthcoming AGM, received a £344,127 salary and £350,000 bonus as part of a £708,584 package, up from £665,887.