Smurfit Kappa share bigger pay pot as profits return

DIRECTORS’ remuneration at paper and packaging group Smurfit Kappa grew by nearly €1 million last year in the aftermath of the business returning to profit.

Total pay for directors amounted to €6.93m in 2010, up from just over €5.9m a year previously.

As well as his basic salary of €1.26m, group chief executive, Gary McGann received an annual bonus of €692,000, a pension contribution of €625,000 and additional benefits amounting to €61,000. This brought his total remuneration to €2.64m, up from €2.23m in 2009.