INM boss awarded share options worth €1 millon in bonus payout

Robert Pitt awarded just over 5.5 million shares in November

Robert Pitt was plucked from a senior role in Tesco’s operations in the Czech Republic to head the publishing company in 2014

The chief executive of Independent News & Media has scooped almost €1 million from the company in share options.

Robert Pitt, who was plucked from a senior role in Tesco’s operations in the Czech Republic to head the publishing company in 2014, was awarded just over 5.5 million shares in November, filings with the stock exchange reveal.

The options were awarded at a nominal one cent value, although he will be unable to ...