Companies

Glanbia executives enjoy bumper share bonuses through incentive scheme

At the annual general meeting shareholders voiced their dissatisfaction with the remuneration programme

Hugh McGuire, the chief executive of Glanbia received 84,759 shares. Picture: Naoise Culhane

Top executives at Glanbia received over €6 million worth of shares on Wednesday as part of the 2018 bonus scheme just days after shareholders voiced their disappointment in the company’s pay scheme.

Hugh McGuire, the chief executive of the nutrition giant received 84,759 shares, which based on Thursday morning’s share price of €18.41, were worth €1.56 million.

Mark Garvey, chief financial officer, received shares worth almost €1.1 million, Brian Phelan, the chief executive of the ...