DUBLIN: Michael Chadwick, chair of builders' merchant group Grafton, saw his remuneration package reduce to €661 000 in 2009, from €987 000 a year earlier.
According to the group's annual report, Mr Chadwick waived his entitlement to a pension allowance of €307 000 for 2009.
The total remuneration paid to Grafton's four executive directors declined from almost €3.3m in 2008 to €2.6m last year.
The group's non-executive directors received fees totalling €350 000, unchanged from 2008.
Grafton directors received no basic salary increases since 1 July 2007.
