Saturday 17 February 2018

Head of FBD saw total pay package reduced by €135k last year

Andrew Langford of FBD
Andrew Langford of FBD

Donal O’Donovan

The head of insurance provider FBD saw his total pay package reduced by €135,000 last year.

FBD chief executive Andrew Langford’s total remuneration package, including salary, pension contributions and other benefits was €538,000 in 2014 according to the insurer’s annual report.

That was down from €673m in 2013 – a difference that was entirely down to the fact that he was not paid a performance bonus last year. His 2013 bonus was €135,000.

FBD reported a pretax loss of €4.5m for 2014, a huge swing compared to profits of €51.5m the previous year.

The report also shows that FBD chief financial officer Cathal O’Caoimh’s total compensation fell to €336,000 last year. That was down from €435,000 in 2013, which had included a €100,000 bonus for that year.

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