Thursday 27 April 2017

Former USA Ambassador O'Malley joins Greencore board

Kevin O'Malley
Kevin O'Malley
John Mulligan

John Mulligan

Former US Ambassador to Ireland Kevin O'Malley has been appointed a non-executive director of Irish food group Greencore, just weeks after vacating his post following the inauguration of US President Donald Trump.

Mr O'Malley, pictured, was appointed ambassador to Ireland by then US President Barack Obama in 2014.

Greencore - headed by chief executive Patrick Coveney, the brother of Fine Gael Housing Minister Simon Coveney - has been expanding in the United States in recent years.

It has invested significantly in plants there and in a transformational deal for the group, sealed a $747m acquisition in January of Illinois-based Peacock Foods. Peacock has annual sales of about $1bn, and the acquisition quadruples Greencore's annual sales in the United States, where its customers already include companies such as Starbucks.

Greencore, whose shares are listed in London, has a market capitalisation of £1.8bn (€2bn).

Prior to his appointment as Ambassador, Mr O'Malley (69) spent 11 years as a partner of Missouri-based law firm Greensfelder, Hemker and Gale. He is also an investor in some US restaurants.

Greencore chairman Gary Kennedy welcomed Mr O'Malley's appointment .

He said that Mr O'Malley would be able to help support Greencore's overall growth "and in particular our vision to build a large scale, high-performing convenience food business in North America".

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