The chief executive of food company Aryzta, the owners of the Cuisine De France bakery brand, has been awarded an annual pay packet of more than €7m for the current financial year.
Owen Killian was paid a basic salary of just over €1.2m and a performance bonus worth €6.1m, making him one of the highest paid executives in Irish corporate history.
With pensions and other benefits included Mr Killian's total remuneration for the year came to €7m compared to the €2.5m he took home in 2010.
The Aryzta chief benefitted from a long term incentive programme at the company to reward executives for hitting performance targets over a period of years.
Over the past year Aryzta, formed from the merger of Irish company IAWS and Swiss bakery goods group Hiestand, grew its revenues by 29% to just under €3.9bn and posted a profit of €260m – 34% ahead of last year.
