Oireachtas Joint and Select Committees

Thursday, 3 February 2022

Public Accounts Committee

Transport Infrastructure Ireland: Financial Statements 2020

9:30 am

Ms Audrey Keogh:

Two factors impacted on the number. I can clarify that when Michael Nolan retired, his closing salary would have been €186,000, pro rata, year-on-year. The €183,000 would have increased by the 2% public sector pay rise that happened in the interim. Mr. Nolan was CEO up to 30 September. Given that we had gone through Covid, we had received approval for an extension to his contract. He was due to retire on 31 July but to give us time to have a replacement CEO and a short handover period, we were granted a six-month extension for Mr. Nolan. It ended up lasting three and a half months. Therefore, the figure of €194,000 for Mr. Nolan that was disclosed in 2020, which is the correct figure as approved by the Comptroller and Auditor General, would be the pro ratabase of €186,000 salary for the year, along with a six-week additional payment for his term after Mr. Walsh took over as CEO and holiday pay in addition to that. In the year under review, the Covid pandemic meant he was not able to take leave until we had a new CEO in place so we made a holiday payment to him for annual leave approved.

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