Business Irish

Sunday 4 December 2016

Colm McCarthy to join semi-state board at DAA

Published 29/01/2012 | 05:00

Colm McCarthy, the author of the hard-hitting Bord Snip Nua report is to join the board of Dublin Airport Authority, the debt-laden semi-State.

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The no-nonsense economist is also a columnist in the country's top selling newspaper, the Sunday Independent.

McCarthy looks set to be appointed by Transport Minister Leo Varadkar shortly, in a move to overhaul the board of the semi-State body.

Other appointments will include former Bord Gais chief executive Gerry Walsh and aviation executive John Lynch of BBAM.

Dublin Airport Authority has haemorrhaged leaders in recent months, with chairman David Dilger -- the former Greencore boss -- stepping down last year.

Chief executive Declan Collier is also in the departure lounge, having announced plans to move to rival London City Airport.

Collier was at the centre of a political row last summer when the DAA board awarded him a €106,000 bonus. Collier eventually decided to forgo the award after major political pressure.

Mr Varadkar recently appointed Arthur Cox's Padraig O Riordain as chairman of the semi-State, which turned a profit last year after shipping major losses in the downturn.

O Riordain has been given a series of Herculean tasks by Mr Varadkar, with finding a new chief executive to replace Collier top of the long list.

The new chairman has also been charged with dealing with the DAA's debt mountain by developing new revenues through increasing passenger numbers.

Finding ways of boosting productivity and efficiency at the airports, as well as engaging with workers over the DAA pension scheme are also waiting in O Riordain's in-tray.

Mr Varadkar has also given him the task of looking at potential disposals of non-core assets as well as advancing the policy of separating the three State airports.

Sunday Indo Business

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