Greencore boss gets €240,000 bonus
Greencore's latest annual report, for the year to end September 2005, shows Mr Dilger was paid a total of €884,000 over that period. The figure is €23,000 more than he earned in the previous year and includes the performance bonus.
Greencore made a pre-tax loss of €64 million, mainly due to the restructuring of Irish Sugar, which saw the Carlow plant closed and the business moved to its remaining site in Mallow.
The report reveals that Greencore's directors were paid a total of €3.41m last year, nearly 15% more than they pocketed in 2004.
Chief operating officer Tony Hynes' total pay went up from €523,000 to €581,000. Chairman Ned Sullivan got a €10,000 pay rise, bringing his annual fees to €170,000 for the part-time role.
In his statement with the report, Mr Sullivan said following the recent conclusion of the EU's review of the sugar regime, Greencore is evaluating the competitive consequences for Ireland's sugar growing and sugar processing sectors.
"The consolidation of Greencore Sugar's processing in Mallow and strong operational performance provides the group with a competitive manufacturing cost base. However, a continued supply of competitively priced sugar beet will also be essential to ensure a continuation of sugar production in Ireland," he added.
Meanwhile, Fine Gael criticised claims by Mr Dilger that the defunct Carlow site could be worth €40m to the company.
Senator Fergal Browne said the company should not see it as a "done deal" that Greencore would get the full benefit of any sale.
"Greencore would have to have the land rezoned as development property and that is dependent on the approval of the county council. Greencore certainly hasn't done anything in the last year to earn goodwill from local representatives."
