David Stevens co-founded the motor insurance coverage firm along with his spouse Heather in 1991
A boss is giving his workers £10m as a thank-you to mark his retirement.
The reward from Admiral’s Chief Government David Stevens and his spouse Heather will probably be shared between 7,500 workers in south Wales and three,000 abroad.
Full-time staff will get £1,000 with part-time workers receiving £500.
Mr Stevens, who co-founded the Cardiff-based motor insurance coverage firm along with his spouse in 1991, stated he was “proud and lucky to have labored with a such a particular group of individuals”.
“Saying thanks to all Admiral workers on this method is the best factor to do,” he stated.
“Their laborious work and dedication has allowed Admiral to develop from a start-up to over 11,000 workers worldwide.
“And all of this whereas remaining a fantastic place to work. Thanks from myself and my spouse to everybody at Admiral.”
It follows a similar gesture by former chief executive – and fellow co-founder – Henry Engelhardt who gave a £1,000 retirement thanks to full-time workers again in 2016, which on the time got here to about £7m.
Mr Stevens is being succeeded as chief executive by Milena Mondini de Focatilis.
Admiral was launched promoting automobile insurance coverage over the cellphone in Cardiff with a crew of simply 57.
Its different UK workplaces are in Swansea and Newport, with abroad websites in Spain, Italy, France, Canada, the US and India.
