How much is the Chief Executive Officer of P&O Ferries Peter Hebblethwaite Salary? Explore his net worth and the controversy he has just been a part of.
The curiosity to learn about Peter Hebblethwaite’s salary and net worth has spiked after the controversy of him sacking 800 employees at once.
Peter is the CEO of P&O Ferries, a DP World-owned multinational logistics company based in Dubai. It is a British company set up by Brodie McGhie Willcox and Arthur Anderson in the 19th century.
So, let’s hop on to know the figure of his salary that you all have been waiting for.
What Is P&O Chief Executive Peter Hebblethwaite Salary
When Labour MP Darren Jones, chair of the Commons business committee, asked the CEO about his salary, he replied his basic salary to be £325,000 ($429,000) per year.
Peter Hebblethwaite, born in March 1971 has been responsible for the position since November 2020 and is seeing the North Sea routes at P&O Ferries.
But P&O is not the only company he has been working with.
He has been inclined to many other enterprises in a higher position, which ultimately makes him more money than what he stated to the MP.
Peter Hebblethwaite Net Worth Is In Billions
As per the online sources, the CEO sits at a hefty net worth of $1.5 billion as of 2022.
However, the fortune he has made is not the sole outcome of his dedication to P&O Ferries.
Apart from his role as CEO of the shipping company, he is a managing director of Larne Harbour Limited, according to official government documents.
Peter Hebblethwaite Ferries Controversy Explained
The controversy he has gotten himself into is not of a kind that is easily justifiable.
Following his unsettling action, he had to appear in front of UK members of parliament (MPs) to defend his action of eliminating almost 800 seafarers without any notice.
Labour MP Darren Jones even called the executive a shameless criminal.
Responding to all the questions, Peter justified his action by saying that the company was losing an unsustainable amount of money and was on the verge to shut down if he had not acted.
P&O Ferries Company Details
P&O is a British company established by Brodie McGhie Willcox and Arthur Anderson in the 19th century.
Initially, the company launched passenger services in 1844 with a cruise from Southampton to the Mediterranean. But, later started operating regular ferries in the 1960s.
The ownership of the shipping company is with DP World, a Dubai-based firm, which purchased it in 2006.
Though after some time DP world sold the company, it once again repurchased P&O in 2019.