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Former John Lewis boss to be paid almost £1m

Paula Nickolds at John LewisPaula Nickolds, former John Lewis md will be paid almost £1m when she leaves at the end of July.

Nickolds, the chain’s first female md, will be paid £939,773 ‘in respect of her notice period, estimated contributions towards her legal fees and the provision of outplacement support.’ 

Nickolds joined the group in 1994 as a graduate trainee at John Lewis’s Oxford Street store, before working in a variety of buying and marketing roles including head of buying, furniture and head of product development for fashion and home. She joined the John Lewis management board in 2013 as buying and brand director and was latterly commercial director before becoming John Lewis md in January 2017.

The group announced it was combining management across John Lewis and Waitrose last October, abolishing 75 of 225 head office roles at a cost of £100m.

Rob Collins, former Waitrose md will be paid £892,362. Both Nickolds and Collins have been on leave since 23 January.