Fyffes directors awarded €300k

Executive directors of fruit distributor Fyffes have been rewarded for the company’s good performance with a €300,000 incentive bonus.

The company’s 2011 annual report, published after the markets closed yesterday, reveals that while the three executive directors’ basic salaries remained largely unchanged at €927,000 for David McCann, €614,000 for Coen Bos and €497,900 for Tom Murphy, they received incentive payments not made in 2010.

On top of their basic salaries the directors received payments under a short-term incentive plan. David McCann benefited by €170,000, Mr Bos received an additional €102,000, and Mr Murphy was paid an extra €83,000.