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British Nuclear Fuels

Volume 492: debated on Friday 15 May 2009

To ask the Secretary of State for Energy and Climate Change what the (a) final severance package and (b) pension arrangements were for the previous chief executive of British Nuclear Fuels plc. (267063)

I have been asked to reply.

In line with the company's standard terms of employment, the outgoing chief executive of BNFL, Mike Parker CBE, is entitled to a redundancy payment equivalent to one times his basic salary. There are no other severance related payments due to him. There are no BNFL pension arrangements for Mike Parker; he does not participate in the BNFL pension scheme and the company has not made contributions to any other pension scheme on his behalf.