Kingspan slashes executive pay levels

Kingspan cut its combined executive pay levels by nearly 30% last year, according to its newly published annual report.

Total pay for the building materials company’s five executive directors amounted to just shy of €4.5m in 2012; down from a total of almost €6.4m for the previous 12 months.

The company’s share options scheme technically increased remuneration to €5.9m, but this was still down from 2011’s share option-boosted figure of €9.43m.