How construction boss earned €130m
- Albert Manifold will retire as chief executive of CRH at the end of this year.
- His retirement package is valued at $75 million, driven by a 350% increase in share price during his tenure.
- Manifold's leadership has resulted in significant earnings, highlighting the company's growth and his impact on its success.
Albert Manifold, the chief executive of CRH, is set to retire at the end of this year, leaving behind a substantial retirement package valued at $75 million (€67 million). This impressive figure is largely attributed to a remarkable 350 percent increase in the company's share price during his leadership. Over the years, CRH has ceased contributions to his pension plan after reaching the government’s tax-free limit, but it has compensated him with €5.4 million for lost pension entitlements. Throughout his tenure, Manifold has accumulated career earnings of €14.6 million, excluding this year, along with cash bonuses totaling €19.47 million. His departure marks the end of a significant era for the construction materials group, reflecting both his personal achievements and the company's growth under his guidance.