Ex-Bord Gáis chief settles court action
Mr Walsh previously received up to €2 million from BGE during his seven-year tenure as chief executive when his salary more than doubled between 2000 and 2007. He received €184,000 in 2000 and his salary was increased every year until it reached €432,000 in 2007, when his contract expired.
In his court proceedings, he claimed he was also entitled, arising from a letter signed by Mr Conlon in November 2000, to avail of the company’s Early Retirement Scheme (ERS) which, the court heard, would give him benefits exceeding €2m.
