Peter Hebblethwaite Wikipedia: Peter Hebblethwaite, P&O Ferries CEO net worth and salary is estimated to be in the six digits. Continue reading the article to learn more about the businessman.
Peter Hebblethwaite, P&O Ferries CEO is making headlines after slacking 800 of his employees this Thursday.
He rationalized his actions by stating that they will be replaced by cheaper agency employees, and also claimed that “only the fittest survive.”
Peter Hebblethwaite P&O Ferries CEO Salary And Net Worth Explored
Peter Hebblethwaite, P&O Ferries Ceo has an estimated net worth of $1.5Billion as of March 2022. He also has a magnificent Cotswold property worth more than £1.5 million, according to daily mail.
Though the exact salary of the CEO of the Ferries is not disclosed to the public, there are several news regarding his assets and wealth.
Mr. Hebblethwaite and his wife Honor spent £1.575 million for their home in 2019, according to Land Registry documents.
The Victorian home is described in the sales brochure as “an imposing detached family house with substantial space. It also includes a heated swimming pool and stables nestled in roughly six acres.”
The home, located near Cirencester in Gloucestershire, has five double bedrooms, a double-aspect study, and extensive gardens and grounds.
"There's absolutely no doubt that we were required to consult with the unions. We chose not to do that," P&O Ferries chief executive Peter Hebblethwaite tells MPs, after sacking of 800 workers
"You chose to break the law," Labour MP Andy McDonald says https://t.co/2AwnrNBY7z pic.twitter.com/E5U7ZlCFXz
— BBC Politics (@BBCPolitics) March 24, 2022
Mr. Hebblethwaite’s income is unknown, however, it is thought to be in the six figures. He took over as CEO on an interim basis last year.
Taxpayers may be asked to assist bail out the ferry firm’s £146 million pension fund shortfall, according to a review of P&O’s finances. The business paid £696,000 to its highest-paid director in 2019 and £452,000 to its top-earning director in 2020.
If the corporation fails to pay its deficit to the Merchant Navy Ratings Pension Fund — a £1.3 billion plan for 24,000 maritime employees – other contributors, including the government, may be forced to make up the difference.
Who Is Peter Hebblethwaite P&O Ferries: Wikipedia Bio
Peter Hebblethwaite, the P&O Ferries CEO is also the managing director of Larne Harbour Limited. According to the company Wikipedia page, it is a British maritime firm that provides ferries from the UK to Ireland and Continental Europe.
Peter was born in March 1971, and held the position of CEO since November 2020, according to official government papers.
Could P&O chief live on £5.50 an hour?
"Where we are governed by national minimum wage, we will absolutely pay national minimum wage," Peter Hebblethwaite tells MPs
Seafarers replacing sacked ferry workers will be paid below UK minimum wagehttps://t.co/dkAXl9hzjG pic.twitter.com/W11a6C3ZA7
— BBC Politics (@BBCPolitics) March 24, 2022
According to a blog post, he is in charge of P&O Ferries’ North Sea lines.
He is mentioned as managing director of the business in a May 2021 article, although he has supposedly been CEO since at least November 2021.
However, his company P&O Ferries loses £100 million years on year. As a result, he made a difficult choice to fire 800 of his previous employees to replace them with cheaper alternatives.
P&O said the choice was “difficult,” but that without the modifications, the company would “not be a sustainable business.”
P&O Ferries CEO Hebblethwaite stated in a letter to employees, “We have been at the forefront of this service for many years. And our shareholders and leadership team are dedicated to supporting these routes.”
“The modifications we’re discussing today are part of DP World’s larger goal to assist P&O Ferries in providing the greatest possible service to clients in the freight and tourism industries.”
Meet Peter Hebblethwaite Wife Honor Hebblethwaite- Family Details
Peter Hebblethwaite is married to his wife, Honor Hevvletrhwaite for a long time now. The family lives together in Gloucestershire, England’s South West.
P&O Ferries CEO Peter Hebblethwaite tells MPs there is "absolutely no doubt" the company was required to consult with trade unions before sacking 800 of its staff but "we chose not to do that".
Latest: https://t.co/POaLz1AZJC
? Sky 501, Virgin 602, Freeview 233 and YouTube pic.twitter.com/WfCcVh346P
— Sky News (@SkyNews) March 24, 2022
His partner, Honor works as an interior designer and decorator in the United Kingdom. She was born in August 1975, making her 46 years old.
Currently, no information regarding their children is made public. We will update you with further information about them as soon as possible.
Last Updated on March 24, 2022 by 247 News Around The World
