Former C&C directors shared €4.73m

THE four former directors of drinks group, C&C who left the business last year as part of its management shake-up – including ex-chief executive, Maurice Pratt – shared a combined €4.73 million in compensation payoffs upon their departure, according to the company’s latest annual report.

Mr Pratt – who is now chairperson of European Movement Ireland, the voluntary body charged with the task of simplifying EU literature for consumers – pocketed just over €2.54m in total remuneration for his last year in charge. As well as a basic salary of €571,000, this package included “compensation for loss of office” of €1.733m. No directors took an annual bonus for C&C’s last financial year, which ran up to the end of February.

In addition to Mr Pratt, Brendan Dwan – formerly C&C’s chief financial officer – was paid just over €1.08m in compensation and €1.64m in total remuneration.