Computacenter chiefs show solidarity with furloughed staff

Computacenter CEO Mike Norris and Group Finance Director Tony Conophy have elected to reduce their base salary to zero from 1 April 2020 until 30 June 2020, 'showing solidarity with staff that have been furloughed across the business', they said.

In addition, Philip Hulme and Peter Ogden have 'waived their basic fees due to them' as founder non-executive directors from 1 April 2020 until 31 December 2020. 

Further details on director remuneration for 2020 will be published on 9th April 2020 when the 2019 annual report and accounts is sent to shareholders. 

Computacenter's next scheduled trading update will be the group's Q1 trading statement on Friday 24 April 2020, when it will be expected to update shareholders on how it has so far been affected by the virus.

The number of staff at Computacenter that have been furloughed so far, and where, has not been revealed by the company. 

Last month the firm reported full year revenues of over £5bn, with sales growing 16.1% to £5.05bn for 2019. 

There was a 23.8% increase in adjusted profit before tax to £146.3m, resulting in a record adjusted diluted EPS of 92.5 pence (2018: 75.7 pence) - an increase of 22.2%.

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