Monday 27 May 2019

Directors of top headhunting firm share €1m pay day

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Gordon Deegan

Profits at the top headhunting agency which is helping the Government to find a new Central Bank Governor last year increased by 4pc to €294,392.

New accounts filed by Merc Partners Ltd show that the three directors at the agency last year received a pay pot - including pension payments - of €1.13m.

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The firm is led by managing partner Ruth Curran. Other directors are listed as John Glenny and Kieran Duff.

The aggregate pay to the three last year totalled €1.13m - an increase of 15pc on the €978,612 paid out in 2017. The pay to directors last year was made up of emoluments of €842,926 and pension contributions of €293,535.

The profits of €294,392 in the 12 months to the end of May last followed profits of €282,194 in 2017.

In the past, Merc Partners has been tasked to identify candidates for chief executive post in Ibec; secretary general in the Department of Finance and executive director roles for the Samaritans and Trócaire.

Merc was paid €45,100 by the department to conduct the search for a replacement for the outgoing Governor of the Central Bank, Philip Lane.

The company describes itself "as Ireland's leading executive search and leadership consulting firm".

The company's staff numbers remained static at 16. Its accumulated profits increased from €1.43m to €1.5m.

The firm's cash pile during the year increased €517,240 to €841,495.

Irish Independent

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