Owen Killian, the chief executive of Aryzta, received total compensation of almost €7 million in the food group’s 2011 financial year, it has revealed in its annual report.
Mr Killian’s compensation package, including base salary, pension contributions, benefit in kind, bonuses and long-term incentives, was 8,568,000 Swiss francs (€6.93 million). His base salary was 1.2 million Swiss francs, the same as in 2010, but Mr Killian was awarded a long-term incentive of 6.1 million Swiss francs.
Aryzta formed in 2008 after Swiss bakery group Hiestand and Irish company IAWS merged.
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