Marks & Spencer has rewarded its chief executive Stuart Rose with a sky-high salary and bonus package for delivering resurgent profit growth at the firm.

Rose had his annual salary increased from GBP975,000 (US$1.9m) to GBP1.05m on 1 January, and is line to pick up bonuses potentially worth nearly GBP7m, just-style has learned.

He has spearheaded a 28.5% increase in M&S' annual profits, which were announced at nearly GBP1bn earlier this month.

Having vowed to offload a bonus pot of GBP91.0m, the chain will pay Rose GBP2.625m through a performance share plan - 40% cash and 60% in differed shares - and GBP4.2 worth of shares as part of an agreed incentive plan, which is dependant on meeting future targets.

From the company's bonus pot, 26% will go to customer assistant workers, with the rest going to all other staff. In total, M&S employs 75,000 staff.