Executive pay at DCC falls

Executive pay levels at support services group DCC marginally declined last year.

Last month, the group — which has a diverse range of interests from energy supply to healthcare, food and consumer goods distribution — reported a near 30% fall in full-year pre-tax profits to €133m for the 12 months to the end of March; despite annual revenues rising by over 23%.

Reflecting that, DCC’s latest annual report shows a decline in pay levels for top management. CEO Tommy Breen’s total remuneration amounted to just under €1.34m in the last financial year; down from a figure of €1.41m for the previous year.

While his basic €700,000 salary was unchanged, his bonus payment fell by nearly €200,000 to €245,000.

Fergal O’Dwyer, chief financial officer, saw his basic salary grow from €374,000 to €400,000; but significant declines in bonus and additional benefits — his bonus fell from €227,000 to €90,000 — brought his total package down from €753,000 to €719,000. The package of Donal Murphy, head of energy division, declined from €651,000 to €644,000. Remuneration for the three executive directors fell from €2.81m to €2.7m.