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Total Produce execs pay increased by 7.2% last year

Chairman Carl McCann, chief executive Rory Byrne, finance director Frank Davis, and director Frank Gernon shared a total pot of just over €2.53m last year, up from €2.36m in the previous year.

Mr Byrne’s remuneration package rose from €913,000 to just over €1m, while that of Mr McCann increased from €725,000 to €736,000. Mr Davis’s total package increased by 5.6% to €606,000 and Mr Gernon — who ceased his full-time role in 2013 but continues in a part-time financial advisory role — was paid €154,000.

Combined overall remuneration for Total Produce’s four-strong non-executive director team, including Shannon Group chairwoman Rose Hynes and DAA chief Kevin Toland, increased last year from €3.65m to just short of €4m.

Last month, Total Produce reported a strong performance for 2016, with group revenues climbing 9% to €3.76bn and adjusted pre-tax profits up 17% at €67.7m.

source: irishexaminer.com
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