Former CRH chief executive paid €4.1m last year

Myles Lee received a 64 per cent increase in compensation in his final year as head of CRH

CRH chief executive Albert Manifold and former CEO Myles Lee. Photo: Alan Betson/The Irish Times
CRH chief executive Albert Manifold and former CEO Myles Lee. Photo: Alan Betson/The Irish Times

Myles Lee, who retired as CRH's chief executive officer in 2013, received a 64 per cent increase in compensation in his final year heading the biggest company on the Irish stock exchange.

Mr Lee received €4.163 million last year compared with €2.536 million in 2012, Dublin-based CRH said in an annual filing.

The payout included €1.6 million from a long-term incentive plan and almost €1 million in “retirement benefits” on top of his basic salary, the filing shows.

CRH increased total disclosed payouts to executive directors by more than 50 per cent for 2013.

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Albert Manifold, the former chief operating officer who replaced Mr Lee as CEO, got almost €2 million compared with €1.4 million a year previously.

Bloomberg