GEOFF Doherty (above), the Kingspan finance chief who joined the insulation firm last year from Greencore, bagged a near-€1.2m "golden hello".
Doherty, who left Greencore as it sought to merge with rival Northern Foods, was conditionally awarded 150,000 Kingspan shares last November. Those shares were awarded at €6 per share but are now worth close to €1.2m.
There are restrictions in place on Doherty disposing of the shares and claw-back arrangements are in place should he leave Kingspan before December 31, 2013. Last year, Doherty was paid €1.13m by Kingspan, including a €490,000 bonus.
Sunday Indo Business