CRH chief gets €1m added to pension

FOR the second year running CRH chief executive Myles Lee had almost €1 million added to his pension pot in 2010 — almost matching his basic pay of €1.15m.

The CRH annual report for 2010, published after the markets closed last night, shows that Mr Lee’s overall remuneration package fell slightly in 2010 to €2.443m from €2.455m in 2009.

The main difference was a €12,000 drop in the cash element of his incentive plan which fell to €288,000 from €300,000. The company’s pre-tax profits fell 27% to €534m.