Former P&O Ferries chief set sail with £622,000 pay package | Money Ne


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The former P&O Ferries chief once described as “Britain’s most hated boss” saw his pay slide in his final full year in the job – but still earned more than £600,000.

Sky News can reveal that Peter Hebblethwaite was paid £622,000 in 2024, down from £683,000 the year before.

The figure is contained in accounts for P&O Ferries Division Holdings, which were published by Companies House on Wednesday.

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In a statement, a spokesperson for P&O Ferries said: “Our 2024 results show that our transformation is delivering.

“Despite challenges in the freight market and the long-term impact of Brexit on the sector, our financial position has continued to improve, customer satisfaction is rising, and our state-of-the-art hybrid vessels on the Channel are delivering significant reductions in carbon emissions.

“The business is focused on delivering a reliable and market-leading service to our customers and is well-positioned to continue its recovery to sustainable long-term growth.”

The company declined to comment on Mr Hebblethwaite’s pay package.

Sky News revealed last autumn that P&O Ferries had hired former DFDS executive Kasper Moos as his successor.

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P&O Ferries is owned by DP World. Pic: PA

Mr Hebblethwaite’s scandal-hit tenure saw him sack hundreds of seafarers and replace them with cheaper agency staff in a move which sparked fury in 2022 and catapulted him into the ranks of Britain’s most notorious corporate figures nearly four years ago.

P&O Ferries – a subsidiary of the giant Dubai-based ports operator DP World – said it was sacking 800 staff with immediate effect – some of whom learned their fate via a video message.

The policy, which Mr Hebblethwaite defended to MPs during subsequent select committee hearings, erupted into a national scandal, prompting changes in the law to give workers greater protection.

Mr Hebblethwaite…

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