Business Executive Laura Wade-Gery has an estimated net worth in the millions.
Wade-Gery is considered to be one of the UK’s few female FTSE 100 board directors. She was previously on the M&S board, joined from Tesco in 2011 and served as an Executive Director of Multi-Channel at Marks & Spencer Group plc.
Wade-Gery joined from Tesco in 2011 charged with improving sales in store and online. She was paid a £4.2m “golden hello”.
How did Wade-Grey earn her millions?
Born in 1965, Wade-Geryn was educated at Cheltenham Ladies’ College and Magdalen College, Oxford, where she studied History.
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After working at Gemini Consulting and Kleinwort Benson, Wade-Gery joined Tesco in 1997 and rose to become Chief Executive of its online business. She worked as Group Strategy Director of Tesco plc from 2000 to 2003. She then served as a Commercial Director of Clothing Electronics and General Merchandise at Tesco PLC from January 2011 to March 1, 2011 and later joined Marks & Spencer Group plc as Executive Director of Multi-Channel E-Commerce, from July 2011.
Upon joining M&S, its online website failed to show results immediately, however, in May, the retailer revealed a 23% increase in full-year web sales.
Wade-Gery is also a member of the British Government’s Digital Advisory Board.
She has been a Non-Executive Director of The British Land Company PLC since May 13, 2015. She is also serves as Trustee of both the Royal Opera House and Aldeburgh Music. Wade-Gery served as a Non-Executive Director of Trinity Mirror Plc from August 4, 2006 to May 10, 2012. She served as a Director of Tesco Personal Finance plc until January 28, 2011.
Wade-Grey entered maternity leave and was due to return to work at M&S in September 2016, however it was announced she would not be returning.
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According to reports, M&S said Ms Wade-Gery would be paid eight months of salary and benefits worth £380,000, and would be granted a further £160,000 in shares that will vest upon her departure bringing her total package to £540,000.
As a member of M&S’s long-term performance scheme, it is predicted she will be receive a pay out of up to £100,000.
Wade-Gery will be able to receive a payoff worth up to £2.4m in cash and shares, although only about £560,000 of that is guaranteed and the rest dependent on the performance of M&S over the next few years.
