Wednesday 16 October 2019

Grafton CEO Slark's pay package jumps to €2.3m

 

Grafton CEO Gavin Slark
Grafton CEO Gavin Slark
Ellie Donnelly

Ellie Donnelly

Gavin Slark, the chief executive of Grafton Group, saw his total remuneration increase by approximately 20pc in 2018 to £2,040,000 (€2.3m) from £1,689,000 (€1.9m).

This figure includes a basic salary of £590,000, a bonus of £657,000 - which was down on his 2017 bonus - as well as pension contributions, "other benefits", and long-term incentive awards of £606,000, according to the group's annual report.

David Arnold, CFO of Grafton was also better off in 2018, with his total remuneration for the year coming in at £1.2m, up from £1m in 2017. Grafton owns the Woodies DIY chain in Ireland as well as builders merchanting outlets Chadwicks and Heiton Buckley.

Grafton, whose origins are in Ireland, reported revenue of £2.9bn in 2018, while the group's adjusted operating profit was £194.5m.

The group said it continues to benefit from exposure to the "fast-growing" Irish and Dutch markets and from strong underlying demand in the UK market.

Irish Independent

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