Thursday July 9, 2020

Hibernia Reit reduces chief executive Nowlan’s bonus by half a million euro

The performance element of Nowlan’s compensation is down

Ian Guider

Markets Editor

30th June, 2019

Payments to the senior executive of commercial property giant Hibernia Reit fell to just under €5.5 million last year.

Hibernia Reit, which controls a huge office empire in Dublin, paid its chief executive Kevin Nowlan €2.3 million in performance pay on top of his salary of €731,000. The performance element of his compensation is down €500,000 on the previous year, according to figures released by the company last week.

Frank Kenny, a senior adviser to...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

As the online debate on trans issues remains heated, those affected by them in the real world are calling for more support, space and understanding. But are their voices being heard?

Colin Murphy | 2 weeks ago

The former NTMA head says he is ‘quite alarmed’ at the potential for legal actions over the large number of deaths in nursing homes during the crisis

Michael Brennan | 2 months ago

Oil storage in the self-styled ‘Pipeline Crossroads of the World’ is full to the brim, but the black stuff keeps on coming. With much of the world’s economy in a Covid-19 slowdown, at one point last week, benchmark US crude oil was priced at minus $37.63 a barrel

Barry J Whyte | 2 months ago