Devro bosses miss bonuses
DEVRO’S executive directors missed out on bonuses last year despite the company reporting rising sales and increased dividends for shareholders.
Paul Neep, chairman of the Moodiesburn-based sausage skin maker’s remuneration committee, said that although operating profits had also improved during a year of “challenges and headwinds”, performance did not meet targets set.
Chief executive Peter Page’s basic salary rose to £425,000 from £370,000 but without a bonus his total pay package fell to £459,000 from £524,000.