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

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 ...