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£1,500 per day for bankrupt council’s third CEO in 10 months

EXCLUSIVE by STEVEN DOWNES

Interim’s interim: Mike Jackson starts at Croydon on August 17

The propaganda department at cash-strapped Croydon Council waited until just before 6pm to sneak out the announcement of its latest interim chief exec.

What they failed to mention is that Mike Jackson, who is to be the bankrupt borough’s third head of service in the space of just 10 months, will be paid at a rate that works out close to

£360,000 per year

According to council reports, he will be paid up to £1,500 per day when he turns up at Croydon’s council offices for his first day in his new job on Monday, August 17.

Jackson is the interim hired to replace another interim, and another Jackson, Elaine, whose last day in post will be Friday August 14.

Exit: Elaine Jackson

Elaine Jackson took on the top job last October, when her boss, Katherine Kerswell, scarpered for the exit at Fisher’s Folly after five years of failure, helped on her way by a £50,000 payment in lieu of notice. Elaine Jackson had been due to retire last November, but was persuaded to stay on, originally until December 2026. A long-standing health issue prompted her to bring that departure date forward.

How long Mike Jackson sticks around for will depend on how soon Croydon manages to identify someone for the role permanently. Although the council has known since October that they would need to replace Kerswell, advertisements for the role – offering a salary of £275,000 – were not published until earlier this month.

Jackson is expected to be in post for around six months, according to the council’s statement tonight.

Until 2024, Mike Jackson was one of the country’s highest-paid civic servants, on £281,443 base salary when in charge of Wandsworth and Richmond councils jointly.

But that July, it was announced that after two years in the job he was leaving “for personal reasons”.

Jackson’s departure closely followed an enormous cock-up at the General Election, when as Returning Officer he was responsible for 6,558 “lost” votes in Putney. While it didn’t affect the constituency’s election outcome, it was hardly the sort of thing to instil confidence in his management and oversight.

He has not held a full-time role since.

Croydon Council has been effectively under special measures since its financial collapse in 2020, the only local authority ever to issue three Section 114 notices of effective bankruptcy. It has debts of £1.7billion, much of which has been accrued through emergency loans from the government since 2020.

In July 2025, the government took control of the council’s finances out of the hands of Kerswell and the failed Tory Mayor, Jason Perry, and installed a team of Commissioners.

Loadsamoney: Croydon’s debt has increased under failed Mayor Jason Perry

Inside Croydon understands that Jackson was recruited using the same expensive headhunters that are being used to identify the permanent CEO. He was one of four short-listed candidates, and was offered the job following a unanimous decision of the appointments committee held on July 21.

The minutes of that meeting said that “an expected day rate range for the post of interim chief executive is £1,200 to £1,500 (as set out in the council’s pay policy statement 2026-2027).”

And it adds: “The remuneration paid to the individual will generally fall within the above rates but can vary depending on labour market forces.” Meaning that the day rate might even be more.

According to Croydon’s dysfunctional council, “Mike most recently served as joint chief executive of Richmond and Wandsworth councils, overseeing services for more than half a million residents. Prior to that, he was chief executive of Bristol City Council, and he has held senior roles in the civil service.”

Our council said, perhaps more in hope that expectation, “The appointment will help provide stability, momentum and leadership.”

We’ll see.

Read more: £275,000: Loadsamoney Perry breaks the bank for new CEO
Read more: Do you recognise your council as described in the CEO job ad?
Read more: Commissioners: council lacks focus and robust delivery plans
Read more:
Kerswell takes another pay-off as she quits as council’s CEO


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