Kerry chief gets 96.7% pay hike

KERRY Group’s executive directors enjoyed remuneration increases of 15% to 18% on the back of a strong year’s performance the annual report, posted out to shareholders yesterday, reveals.

Kerry chief gets 96.7% pay hike

There was one exception. Gerry Behan, president and chief executive of Kerry Ingredients and Flavours for the Americas region, saw his pay package jump 96.7% from €575,000 to €1.131m. Mr Behan’s remuneration featured a €603,000 performance-related payment on top of his basic salary of €465,000 plus BIK and pension.

This overall payment reflected the group’s exceptional performance in the Americas region. The group’s ingredients and flavours businesses saw trading profit grow by 4.9% to €340m, with a 90 basis points improvement in trading profit margin to 10.4%.

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