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Tue 03 Mar 2009Irish Nationwide director refuses top job due to €360,000 pay cap
ONE OF Irish Nationwide’s own board members, Danny Kitchen, had agreed to replace Michael Fingleton as chief executive of the building society but he later declined the job after the Government capped the salary for the position at €360,000 a year.
Mr Kitchen, who is currently the Irish Stock Exchange’s nominated director on the Irish Takeover Panel, became a non-executive director of Irish Nationwide last October. He has experience in both finance and property.
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