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Kerry Group – Stan McCarthy
Stan McCarthy, who stepped down as CEO of Kerry Group last September, received a pay hike of 49% to a total remuneration of $5.97m (€4.8m). This included a base salary of $1.5m (€1.2m), benefits of $115,000 (€93,000), a pension contribution of $359,000 (€290,000) and bonuses of $4.0m (€3.2m). The group also paid new CEO, Edmond Scanlon a total of €808,000 in 2017. His annual salary as CEO is €1.05m. McCarthy held 132,927 shares in Kerry Group at year end. Over its financial year, shares in Kerry Group rose 37% to €93.
Glanbia – Siobhan Talbot
Glanbia, the global nutrition group gave its group managing director Siobhan Talbot a total remuneration in 2017 of €1.95m, down 4% on the prior year. While the base salary increased to €811,000, annual bonuses fell to €871,000. The package also included other benefits of €267,000 which includes a payment in lieu of a pension benefit. Talbot held 255,175 shares in Glanbia at year end. Over its financial year, shares in Glanbia fell 4% to €14.76.
Aryzta – Owen Killian
Owen Killian, who stepped down as CEO of Aryzta in March 2017, received a total remuneration of CHF 1.8m (€1.5m) for the year ended 31 July 2017, down 30%. He received a base salary of CHF1.3m (€1.1m), benefits of CHF83,000 (€70,000), a pension contribution of CHF192,000 (€162,000) and bonuses of CHF213,000 (€180,000). New CEO Kevin Toland will receive a base salary of CHF969,000 (€819,000). As Killian resigned before year end, it is not disclosed how many shares he held. Over its financial year, shares in Aryzta fell 21% to €27.
Greencore – Patrick Coveney
Despite a rise in base salary, the CEO of the UK’s largest sandwich maker, Greencore, saw his total remuneration fall 41% to £1.4m (€1.6m) for its 2017 financial year. He received a base salary of £699,000 (€802,000), benefits of £50,000 (€57,000) and bonuses of £430,000 (€493,000) along with a pension contribution of £262,000 (€300,000). Coveney held 3,478,366 shares in Greencore at financial year end. Over its financial year, shares in Greencore fell 43% to £1.88 (€2.15).
Rory Byrne – Total Produce
Rory Byrne, chief executive of Dublin-based fresh produce giant Total Produce, saw his total remuneration increase 14% for the company’s 2016 financial year to a total of €1.04m. Byrne received €473,000 in base salary and directors fees in 2016, and was awarded an annual bonus of €400,000. Pension contributions for the year stood at €165,000. Byrne, who has been chief executive of Total Produce since December 2006, holds more than 2.2m shares in the company which are valued today at €5.3m, based on the company’s share price of €2.39 this week.
FBD – Fiona Muldoon
FBD, the largest insurer to Irish farmers, saw its CEO, Fiona Muldoon receive a total remuneration of €1.05m in 2017, a 17% rise on the previous year. This was made up of a base salary of €450,000 along with a bonus of €473,000, a pension contribution of €90,000 and benefits including a motor allowance and contribution towards health insurance of €38,000. The CEO held 4,000 shares in FBD at year end. Over its financial year, shares in FBD rose 54% to €10.40.
Origin Enterprises – Tom O’Mahony
Origin Enterprises, the agri-services and inputs group which owns Goulding Fertiliser brand and has operations across Eastern Europe gave its CEO, Tom O’Mahony, a salary rise of 47% in its 2017 financial year which ended 31 July bringing his total package to €1.03m. He received a basic salary of €500,000, a bonus of €330,000 and €26,000 in benefits which include a company car along with a €175,000 pension contribution. O’Mahony held 1,646,373 shares in Origin at year end. Over its financial year, shares in Origin rose 33% to €6.78.
IPL Plastics – Alan Walsh
IPL Plastics, formerly One51, CEO Alan Walsh received a 30% pay increase in 2017 to bring his total remuneration to €1.01m for the year. Walsh received a basic salary of €480,000 in 2017, along with a bonus of €403,200, and benefits in kind which include car allowance and health insurance of €41,928 and pension contribution of €86,400. Walsh held 425,032 shares in IPL Plastics. Over its financial year, shares in IPL Plastics rose 52% to €2.05.
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