Gavin Slark, the chief executive of Grafton Group, saw his total remuneration increase by approximately 20pc in 2018 to £2,040,000 (€2.3m) from £1,689,000 (€1.9m).

This figure includes a basic salary of £590,000, a bonus of £657,000 – which was down on his 2017 bonus – as well as pension contributions, “other benefits”, and long-term incentive awards of £606,000, according to the group’s annual report.

David Arnold, CFO of Grafton was also better off in 2018, with his total remuneration for the year coming in at £1.2m, up from £1m in 2017. Grafton owns the Woodies DIY chain in Ireland as well as builders merchanting outlets Chadwicks and Heiton Buckley.

Grafton, whose origins are in Ireland, reported revenue of £2.9bn in 2018, while the group’s adjusted operating profit was £194.5m.

The group said it continues to benefit from exposure to the “fast-growing” Irish and Dutch markets and from strong underlying demand in the UK market.

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