"A pair of City & Guilds executives have each been awarded million-pound bonuses and sizeable salary increases after the skills charity's business was acquired by an international company in October, the Guardian understands. The payments which are understood to include a 1.7m award for the chief executive, Kirstie Donnelly, and 1.2m to the finance director, Abid Ismail have emerged at a sensitive time for the training and qualifications business, as it navigates its first few months in the private sector."
"Founded in 1878 by the City of London and a group of 16 livery companies, the original institute developed a national system of technical education, offering qualifications and apprenticeships in fields ranging from manufacturing and mechanical engineering to hairdressing and horticulture. It was awarded a royal charter by Queen Victoria in 1900 and the body says that it helps about 1.1m people a year."
City & Guilds executives Kirstie Donnelly and Abid Ismail received substantial bonuses reportedly of £1.7m and £1.2m after the training and awards business was sold to PeopleCert in October. Donnelly's salary rose by about £100,000 to roughly £430,000, while Ismail's pay increased by around 30% to about £300,000. The organisation has begun a £22m cost-cutting programme and is shrinking its UK workforce following the transfer from its charity owner. City & Guilds was founded in 1878, received a royal charter in 1900, and supports about 1.1 million people annually, with notable alumni in food, sport and fashion.
Read at www.theguardian.com
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