Kingspan directors cashed in £6m of shares before airing of Grenfell claims | Grenfell Tower inquiry | The Guardian

Three directors of Kingspan, the company that made combustible insulation used on Grenfell Tower, cashed in more than £6m in share options before allegations against the business were aired at the public inquiry into the disaster. Gene Murtagh, the chief executive of the Ireland-based company that made the Kooltherm-K15 foam boards used on the council block where a fire killed 72 people in 2017, took the biggest share, making a £3.1m profit, followed by Gilbert McCarthy and Peter Wilson, two executive directors who made £1.8m and £1.6m respectively. The trades happened in September and October, before the inquiry started investigating the company’s role this month.

Kingspan directors cashed in £6m of shares before airing of Grenfell claims | Grenfell Tower inquiry | The Guardian

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s