Fyffes executive chairman David McCann’s total pay package increased by 36 per cent last year, according to the company’s annual report.
Mr McCann earned €1.12 million in salary, bonuses and other payments in 2008, up from €821,000 a year earlier, the company’s report showed today.
The 2008 figure included a payment of €230,000 related to prior years.
The role of chief executive officer was split among the company’s executive directors last year after the resignation of Jimmy Tolan. That will lead to a “significant reduction” in total remuneration costs in 2009, the report said.
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Bloomberg