EasyJet CEO takes £34000 pay cut to match female predecessor

Katrina Barker
February 1, 2018

easyJet chief executive Johan Lundgren has taken a voluntary pay cut to match the salary of his predecessor Carolyn McCall.

Lundgren was reportedly given a £740,000 ($AUD 1.29m) salary when he joined the company, while McCall was believed to be earning £706,000 ($AUD 1.23m) when she left her role in November 2017.

"At EasyJet we are absolutely committed to giving equal pay and equal opportunity for women and men", Lundgren said in a statement.

To fix this gender pay gap, the company is aiming to bring up their female pilot recruits from 13 per cent to 20 per cent by 2020.

Lundgren was appointed on 1 December to replace McCall, who left to accept the top job at ITV, says The Guardian.

So let's call this an important start - both in message and in action - aimed at keeping the critical conversation going.

To show what he described as a "personal commitment" to "equal pay and equal opportunity for women and men", Lundgren has requested that the low-priced carrier's board cut his pay by £34,000 ($48,000) to £706,000.

EasyJet said his remuneration package of bonuses and incentive payments is "identical" to the one McCall received.

A report a year ago by the High Pay Centre and the Chartered Institute of Personnel and Development (CIPD) found that male CEOs in the FTSE 100 earned on average £2.1 million more than women in 2016 and were more likely to be called David than be female. Like all airlines pilots make up a large proportion of easyJet's employees, they are paid more highly than our other communities and, most materially, 94% of them are male. EasyJet has already gone beyond or airlines in trying to attract more women pilots in aviation world.

Lundgren was previously deputy chief at travel group TUI. Around 4% of commercial pilots worldwide are female. easyJet does better than the industry as a whole at 5% and easyJet's progressive culture has enabled female pilots to progress more easily than at other airlines. Past year it recruited 49 female pilots.

Other reports by AllAboutTopnews

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