Jolyon Harrison, born in March 1948, joined the board of MJ Gleeson in July 2010 and was appointed chief executive in July 2012.
He had a 20% pay rise in 2018 – when the average rise in pay of salaried employees was 4.3% – taking his basic annual pay to £505,000. His total package was worth nearly £3m.
In a statement this morning the Gleeson board said that Mr Harrison had left the company with immediate effect after a disagreement over pay and the timing of his surely impending retirement.
It said: “Following extensive discussions with Mr Harrison regarding his remuneration and succession planning, the board concluded that it was not possible to find a mutually acceptable basis for Mr Harrison to continue as chief executive officer.”
Former Keepmoat Homes chief executive James Thomson has been brought in on an interim basis while a long-term CEO appointment is found.