Kerry Group CEO’s pay rises by 12%

Kerry Group chief Stan McCarthy received a 12.3% pay increase last year, the food giant’s latest annual report shows.

Mr McCarthy’s total remuneration last year came to just under €2.03m, up from more than €1.8m for 2011.

His basic salary also rose by 11%, from €882,000 to €979,000. Mr McCarthy’s benefit-in-kind and pension allowances both increased on the previous year, as did his performance-related bonus, which jumped by almost 5%, from €689,000 to €722,000.