UDG executive bonuses cut by 60%

Management bonuses at UDG Healthcare were cut by nearly 60% last year, despite the group delivering a strong financial performance.

Combined executive pay at the Dublin-headquartered diversified healthcare services group also dropped by just over 1.4%, from €4.23m to €4.17m, its annual report for the 12 months to the end of September last shows.

The group, which, last year, changed its name from United Drug, paid its chief executive, Liam FitzGerald a basic salary of €570,000. This was unchanged on the previous year, but his total remuneration package increased slightly from €1.697m to just under €1.71m. As with his salary, Mr FitzGerald’s pension contributions remained unchanged at €228,000, but his long-term incentives package jumped from €447,000 to €753,000. His annual bonus, however, fell by 72% to €114,000.