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Kerry Group Issues Share Award To Top Executives

Kerry Group has issued more than €2.2 million in shares to three of its top executives as part of a long-term incentive scheme, The Irish Times has reported.

According to the paper, chief executive Edmond Scanlon was awarded 8,550 shares, worth around €912,000, while Gerry Behan, chief executive of Kerry's Taste & Nutrition arm, received a share award of 10,486 shares, worth around €1.1 million.

Chief financial officer Marguerite Larkin was another beneficiary, the paper reported, and was awarded shares worth €196,000.

Kerry Group is due to hold its annual general meeting of shareholders on 29 April.

In February, the group announced reported revenues of €7.0 billion for full-year 2020, with volumes down 2.9% for the year.

Commenting on its full-year performance at the time, Scanlon said, "While uncertainty from COVID-19 continues to impact our customers, consumers and industry, we will continue to co-create with our customers to meet accelerating consumer demands, and look forward to a year of strong recovery and good growth.”

© 2021 Checkout – your source for the latest Irish retail news. Article by Stephen Wynne-Jones. Click sign up to subscribe to Checkout.

 

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