Business

Monday 25 September 2017

Farming leader joins FBD boardroom

IFA president Joe Healy initially turned down the post
IFA president Joe Healy initially turned down the post
John Mulligan

John Mulligan

IFA president Joe Healy has joined the board of insurer FBD as a non-executive director.

The announcement comes after a year long stand-off, which left the IFA without formal representation on the FBD board for the first time.

The listed insurer emerged from Farmer Business Developments, set up to create businesses on behalf of farmers.

FBD had invited Joe Healy, as IFA president, to join the board on his election in April 2016.

However, Mr Healy said at the time that he would not take up the post due to his workload and suggested his predecessor, Eddie Downey, for the role.

FBD, however, said that the invite is for the sitting IFA president and that there was no provision for the IFA to nominate its own candidate for the role.

A seat on the board of FBD pays €39,000.

The chairman, Liam Herlihy, said Mr Healy brings considerable insights into Ireland's agricultural industry, as well as a keen understanding of rural communities, as well as general commercial experience.

Joe Healy also represents Irish farmers at EU level on COPA, which is the official umbrella representative body for European farmers.

He chairs the COPA Food Chain Working Group, which is seeking a stronger position for farmers in the food supply chain. He is a non-executive director of Bord Bia.

Meanwhile, one of the key senior executives at FBD - George Parsons - is leaving the company, the Irish Independent has learned

Mr Parsons is its chief underwriting officer. A former Aviva executive, he had been with FBD for nine years.

It's understood that the stock market-listed insurer has already commenced a search for a replacement. FBD declined to comment.

Last week it reported first-half pre-tax profits of €11.9m.

Irish Independent

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