Former CITB chief executive Adrian Belton was paid £77,000 in lieu of a notice period when he resigned at the end of last year, it has emerged.
Mr Belton’s payoff was disclosed in the CITB’s annual report and accounts for 2016, which were published today.
After three years at the helm of the industry training body, Mr Belton’s resignation was announced on 12 December and he left at the end of that month.
Today’s report showed he was paid £77,000 in lieu of notice, £52,700 in pension benefits, £9,000 benefits in kind, up to £5,000 bonus and up to £150,000 base salary in 2016, taking his overall earnings above £280,000.
Sarah Beale, who took the chief executive role over from Mr Belton at the start of this year, earned about £140,000 in 2016 as chief financial officer and corporate performance director at the body.
Meanwhile the CITB slashed staff numbers by 9.9 per cent in 2016, ending the year with 1,314 workers.
The training body raised £198.2m from its levy last year, along with £44.8m from trading and £11.3m from training. It made a total of £310.6m from all sources.
Total expenditure was £302.4m leaving a net profit of £8.1m – a turnaround from a £3.9m loss the previous year.
The CITB said its operational costs dropped 26 per cent to £34.2m in 2016. It added that the construction industry received back 104 per cent of the money it paid in through the levy.
The body supported more than 26,000 construction apprenticeships through its grants scheme, and provided £2m of funding to nearly 500 SME employers through its skills and training fund.
Ms Beale said: “2016 was a year of significant achievements, which saw CITB improve its support for employers of all sizes in each nation and region of the country.
“While doing so, we made some tough choices by reducing staff numbers and overhauling our pension scheme, which have made us a leaner, more efficient organisation.
“Changes to our finances, our evidence base and our funding work, and clarity on our future offer, put us in a strong position. They allow us to modernise into the organisation that can successfully partner with our industry to meet its skills needs in the years ahead.”