David Stevens, chief executive of Admiral, has announced that all employees are to recieve a share of a £10 million bonus payment to mark his retirement from the business.
As a thank-you to all the staff at the inusurance organisation, Stevens and his wife Heather are awarding every full-time employee with £1,000, and every part-time employee with a £500 payment.
Stevens and his wife co-founded the organisation in 1991, and he has been the group chief executive for over five years.
Stevens said: “Saying thank you to all the Admiral staff in this way is the right thing to do, and I’m so proud and fortunate to have worked with such a special group of people. Their hard work and dedication has allowed Admiral to grow from a start-up with 1 brand, 0 customers and 57 members of staff, to a FTSE-100 business worth around £8 billion with multiple brands, millions of customers and over 11,000 staff worldwide. And all of this while remaining a great place to work. Thank you from myself and my wife to everyone at Admiral.”