Aryzta foods paid management team €12.8m in 2014, 70% more than 2013

Irish-Swiss baked foods producer, Aryzta paid its executive management team 15.5m Swiss francs (€12.8m) in the last financial year, a 70% rise on the previous year.

According to the group’s recently published annual report, chief executive Owen Killian — one of the highest paid heads of an Irish-related plc in recent years — took home a basic salary of almost 1.28m Swiss francs (€1.05m), unchanged from the previous financial year, but the mix of performance-related bonuses, long-term incentives and pension contributions boosted his 2014 remuneration package to 6.14m Swiss francs (€5.06m).

That marked a significant increase on Mr Killian’s 2013 package, which amounted to 4.34m Swiss francs in total. A jump from 780,000 Swiss francs to nearly 1.3m Swiss francs in performance-related bonus largely drove the increase.