Business Irish

Tuesday 23 May 2017

Dorgan no longer Tesco chairman but will stay on as adviser

RETAIL

John Mulligan

John Mulligan

FORMER IDA boss Sean Dorgan will continue to act as an adviser to Tesco Ireland after the country's biggest retailer was forced to eliminate the non-executive chairman role held by him following a change to corporate governance rules.

Mr Dorgan (60), who left the IDA in 2007, was appointed chairman of Tesco's Irish arm in early 2008. He also took up a number of other board positions, becoming chairman at Ulster Bank, a non-executive director at insurance firm FBD and a non-executive director at software firm Fineos.

It is not clear precisely what corporate-governance rule change might have prompted Tesco Ireland to eliminate its non-executive chairman role, but it is understood Mr Dorgan will continue to be chairman of Tesco Ireland's pension trustees vehicle and will effectively have much the same role at the retailer as an adviser as he did as non-executive chairman.

A Tesco spokesman said the retailer was "delighted" that Mr Dorgan was staying.

In April, Mr Dorgan addressed a corporate governance conference on issues surrounding the appointment process and characteristics of effective board members.

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