FORMER minister Noel Dempsey is diversifying in retirement from politics and has become a director of a new plastics manufacturing firm.
Swift Composite Prototypes Ltd was registered last month, with its office in Navan, Co Meath. It is listed as being involved in the manufacturing of plastic plates, sheets, tubes and profiles.
Mr Dempsey, whose occupation is listed as businessman in documents sent to the Companies Office, is a joint director along with solicitors Michael and Adrian Shanley and accountant Gerry Cooke.
The former Fianna Fail minister, who turns 60 next Sunday, could not be reached for comment by the Irish Independent.
Mr Dempsey, whose pension stands at €119,177, held several portfolios including Environment, Education and Science, Communications, Marine and Natural Resources and Transport.
In December 2010 he announced he would not be contesting the 2011 General Election and resigned from the Cabinet the following month.
Mr Dempsey is not the only member of the previous Cabinet serving on the boards of private companies.
Former Tanaiste and Health Minister Mary Harney is a director of Ward Biotech and Ward Research and Development as well as Euro Insurances, which she joined last February.
The latest accounts for Euro Insurances show pre-tax profits declined by 15.5pc last year to €33.5m.
The principal activity of the Dublin-based firm is providing motor-related insurance products for the private and commercial fleet markets.