Kingspan chief executive’s salary increase of 46%

THE chief executive of building materials group Kingspan received a 46% pay hike last year.

The company’s annual report for 2007 reveal Gene Murtagh, son of Kingspan founder Eugene Murtagh, was paid €1.26 million, an increase of almost €400,000 on his 2006 remuneration.

Mr Murtagh, 36, was paid a basic salary of €595,000 and a bonus of €575,000, plus pension contributions and benefits.