Under a new policy, Fitzgerald's base salary is increasing by 10 per cent to £800k and his annual bonus of 150 per cent is rising to 300 per cent.
A slim majority gave the package a green light at the company's extraordinary general meeting last summer but 45 per cent of shareholders voted against the move.
Fitzgerald's pay rise was announced amid a torrid time for housebuilders, as high mortgage rates and a strain on the economy lowered demand for new residential properties.
(c) 2024 City A.M., source