Glanbia chief given 35% rise

GLANBIA managing director John Moloney was given a 35% pay rise in 2003.

Having taken a cut in pay in 2002, Mr Moloney saw his pay jump from €466,000 to €631,000 last year, according to the company’s annual report. His package consisted of a basic salary of €329,000, bonus of €216,000 and pension contributions of €76,000. He has been managing director since June 2001.

Finance director Geoffrey Meagher got a 13% increase in his remuneration, rising from €381,000 to €431,000.