US executive takes helm at Grafton
Grafton Group has confirmed that US executive Michael Roney has formally succeeded Michael Chadwick as its chairman, with effect from last Sunday.
It is the first time the century-old builders' merchants group has not been headed by a member of the Chadwick family, which remains a substantial shareholder. Mr Roney (61), was ceo at outsourcing giant Bunzl from 2005 until April 20 last year.
Meanwhile, Kerry Group said non-executive directors Michael Ahern, James Devane and John Joseph O'Connor had retired from the board on December 31.