McGann's Smurfit Kappa pay slips to €2.49m

Smurfit Kappa Group chief executive Gary McGann’s remuneration fell to €2.49 million in 2012 compared to €2.54 million in 2011.

3rd April, 2013
Smurfit Kappa chief executive Gary McGann.

Smurfit Kappa Group chief executive Gary McGann’s remuneration fell to €2.49 million in 2012 compared to €2.54 million in 2011.

The figure is revealed in the giant packaging company’s latest annual report. McGann’s 2012 package includes €1.26 million basic salary, €567,000 bonus, €625,000 of pension benefits, including taxable non-pensionable cash allowance in lieu of retirement fund contribution.

The company’s chief operating officer Anthony Smurfit’s 2012 remuneration was €1.54 million compared to €1.58...

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