Pay at DCC rises by €500k
The total pay-out for executive and non-executive directors went from €3.37 million in 2009 to €3.87m in 2010 or the 12 months to the end of last March. Executive director remuneration, alone, went from €2.77m to over €3.18m. DCC reported a good set of full-year results last month, showing a 27% increase in pre-tax profits – mainly driven by a strong performance from its energy division. That division’s managing director, Donal Murphy, saw his basic salary shoot up from €100,000 to €316,000 in the last year.
A hefty bonus of €274,000 (compared with €180,000 in the previous year), along with pension contributions and additional benefits, boosted his overall remuneration package by €400,000 to €720,000. Group chief executive Tommy Breen’s basic salary increased from €677,000 to €700,000.
