Kingspan pays executive directors over €9m after personnel changes at group

The Cavan-headquartered building materials group Kingspan paid its executive directors a combined €9.4m last year — nearly €4m more than in 2010.

However, this was more to do with a number of one-off accounting events rather than a wholesale rise in pay for the insulation products specialist’s managers.

Two of the main reasons for the remuneration rise were that Kingspan changed chief financial officer during the year, with Dermot Mulvihill and Geoff Doherty, his replacement, receiving significant salaries.