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Displaying items by tag: Chief executive pay

The pay package of Irish Continental Group’s chief executive, Eamonn Rothwell has jumped almost 250 per cent to €2.9 million last year, as the parent company of Irish Ferries, operating Ireland-UK routes and between Ireland and France, returned to profit after the pandemic.

In addition to Irish Ferries running its fledgling UK-France service on the Dover-Calais route that was launched in June, 2021 in the wake of Brexit, which has expanded into a three-ship service (see related story).

Last year, Mr Rothwell also collected €4.28 million of dividends on his 17.7 per cent stake as the Dublin based company, had handed out €24.2 million of such payments to shareholders, including an interim dividend for 2022.

According to ICG’s annual report, released on Tuesday, showed Mr Rothwell received a 20 per cent rise in basic pay last year – to €700,000. In addition the Chief Executive secured a €1.38 million bonus by way of restricted shares, which have a five-year disposal restriction.

As for share options, they were awarded under a performance share plan that was valued at €814,000, while other benefits amounted to €35,000.

The company which has its head office located in Dublin Port, earlier this month reported an operating profit of €66.7 million for 2022, a year in which revenues soared almost 75 per cent compared to pandemic-stricken 2021.

As The Irish Times (which has more) reports on the company that made losses at both operating and net earnings level in 2020 and 2021.

Whereas revenues at the maritime transport group had increased by €250.4 million to last year’s €584.9 million.

To consult the annual report in full, click this link.

Published in Irish Ferries

Whether you're a boat enthusiast, historian, archaeologist, fisherman, or just taken by the natural beauty of Ireland's waterways, you will find something of interest in our Inland pages on Afloat.ie.

Inland Waterways

Ireland is lucky to have a wealth of river systems and canals crossing the country that, while once vital for transporting goods, are today equally as important for angling, recreational boating and of course tourism.

From the Barrow Navigation to the Erne System, the Grand Canal, the Lower Bann, the Royal Canal, the Shannon-Erne Waterway and the Shannon Navigation, these inland waterways are popular year in, year out for anyone with an interest in rambling; flora and fauna; fishing; sailing; motorboating; canoeing, kayaking and waterskiing; and cruising on narrowboats.

Although most will surely identify Ireland's inland waterways with boating holidays and a peaceful afternoon's angling, many varieties of watersport are increasingly favoured activities. Powerboat and Jetski courses abound, as do opportunities for waterskiing or wakeboarding. For those who don't require engine power, there's canoeing and kayaking, as Ireland's waterways have much to offer both recreational paddlers and those looking for more of a challenge. And when it comes to more sedate activities, there's nothing like going for a walk along a canal or river bank following some of the long-distance Waymarked Ways or Slí na Sláinte paths that criss-cross the country.

Ireland's network of rivers, lakes and canals is maintained by Waterways Ireland, which is one of the six North/South Implementation Bodies established under the British-Irish Agreement in 1999. The body has responsibility for the management, maintenance, development and restoration of inland navigable waterways on the island of Ireland, principally for recreational purposes. It also maintains Ireland's loughs, lakes and channels which are sought after for sailing; the network of canal locks and tow paths; as well as any buoys, bridges and harbours along the routes.

Along the Grand and Royal Canals and sections of the Barrow Navigation and the Shannon-Erne Waterway, Waterways Ireland is also responsible for angling activities, and charges Inland Fisheries Ireland with carrying out fisheries development, weed management and ensuring water quality.

Brian Goggin's Inland Blog

Giving his personal perspective on Ireland's Inland Waterways from present-day activities to their rich heritage, Brian Goggin tells it like it is with his Inland Blog.

From recognising achievements in management of the waterways to his worries on the costs of getting afloat on Ireland's canals, Goggin always has something important to say.

He also maintains the website Irish Waterways History that serves as a repository for a wealth of historical accounts of the past commercial and social uses alike of Ireland's rivers and canals, which were once the lifeblood of many a rural community.