Tesco's top IT professional received a salary of more than £1.6m last year, the third consecutive year that he...
has earned more than seven figures.
Philip Clarke, international and IT director at the UK’s largest retailer, earned a total of £1.657m in the 12 months to April 2004, up from £1.425m in 2003.
The pay packet, thought to be the largest for an IT director in the UK, were revealed as Tesco delivered another set of strong results, with a profits before tax rising by 17% to more than £1.6bn.
Clarke, who was appointed to the Tesco board in 1998, was responsible for overseeing system and process improvements which achieved savings of more than £200m last year, the company said.
The past year has seen Tesco at the forefront of trials of electronic tracking technology RFID in the UK, while it has continued to roll out self-service checkouts in its stores.
In addition, all of Tesco’s UK stores have Pocket PC-based Intermec handheld devices for staff, simplifying stock management and improving customer service.
Tesco’s continuous replenishment system has been rolled out to all stores, while half of all supplier volume is handled by primary distribution, rather than being handled by a third-party logistics provider.