Former Musgrave executive Eoin McGettigan, who quit earlier this year, is believed to have left with a golden goodbye of more than 11m.
The private group’s accounts record a payment of 11.073m in “compensation for loss of office”. The recipient is not named.
Irish trade sources are convinced that the pay-out went to McGettigan, who had been tipped to take over as group chief executive when the long-serving Seamus Scally retired.
Instead, the man chosen for the top job was the group’s finance director Chris Martin. McGettigan had headed Musgrave’s SuperValu and Centra franchise operations in Northern Ireland, had been executive chair of Budgens and had steered the group’s 187m takeover of Londis.
Last January he joined The Co-operative Group, but left months later to move back to Ireland as director of food with Dunnes.
Meanwhile, Musgrave has announced an agreement with Pettitt’s Supermarkets for its stores to trade under the SuperValu brand from next year. Pettitt’s owns five supermarkets in the south east of Ireland.
The private group’s accounts record a payment of 11.073m in “compensation for loss of office”. The recipient is not named.
Irish trade sources are convinced that the pay-out went to McGettigan, who had been tipped to take over as group chief executive when the long-serving Seamus Scally retired.
Instead, the man chosen for the top job was the group’s finance director Chris Martin. McGettigan had headed Musgrave’s SuperValu and Centra franchise operations in Northern Ireland, had been executive chair of Budgens and had steered the group’s 187m takeover of Londis.
Last January he joined The Co-operative Group, but left months later to move back to Ireland as director of food with Dunnes.
Meanwhile, Musgrave has announced an agreement with Pettitt’s Supermarkets for its stores to trade under the SuperValu brand from next year. Pettitt’s owns five supermarkets in the south east of Ireland.
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