Three C&C executives earn €2.1m

C&C’s TOP three executives received €2.1 million in total in their second full year at the helm of the company, according to the drinks group’s annual report.

C&C chief executive John Dunsmore saw his total package increase by 6 per cent last year to €989,000.

Stephen Glancey, the company’s chief operating officer and finance director, received an 8 per cent increase. His package increased from €669,000 to €724,000 last year.

Strategy director Kenny Nieson was awarded €405,000 in total.

None of the three executive directors was awarded a bonus during the year.

Some €732,000 was paid in total to the company’s seven non-executive directors. One 51 chief executive Philip Lynch received €85,000, €20,000 of which related to his work as chairman of the company’s remuneration committee.

The Financial Regulator is currently undertaking an inquiry into C&C share transactions by Mr Lynch which took place in 2008, shortly before the appointment of a new management team.

C&C’s current management trio – all former executives at Scottish Newcastle – joined C&C in late 2008, following a period of falling sales at the company.

Results for C&C published earlier this month showed a 17 per cent rise in operating profit to €105 million for the year ended February 2011, boosted by a strong recovery in the company’s cider sales in the UK and international markets.