Greencore chief’s pay packet jumps to €1.16m

GREENCORE chief executive Patrick Coveney’s total pay package jumped to €1.16 million in 2009 from €687,000 a year earlier when no bonuses were paid to the company’s top executives after massive losses were uncovered at a Scottish water subsidiary.

And disgraced former Anglo Irish Bank chairman Sean FitzPatrick was paid €13,000 in directors fees for his months on the board before he resigned in December of 2008. A year earlier he earned €51,000 in directors’ fees.

Mr Coveney is now also the biggest shareholder on the board of the company with 404,500 shares, worth €566,300.