CRH director packages increase

Performance-related bonus payments drove executive director remuneration up at CRH last year, despite a drop in combined salaries.

The Dublin-headquartered cement and building materials giant — which last month reported a 33% rise in annual pre-tax profits for 2011 and a 5% increase in group revenues — paid its four-member executive director team a combined figure of €3.4m in basic salaries last year. This was down from a total of €3.44m in 2010.

However total combined executive director remuneration came to nearly €7.3m last year, up from €6.62m the previous year. This rise was driven by various bonus payments, via the group’s performance-related incentive plan.