Business

Tuesday 26 September 2017

Moloney worth his weight in gold

GLANBIA'S John Moloney will be the star turn at the Irish Exporters Association's annual shindig in the National Convention Centre today.

Mr Moloney, who surprised the markets earlier this year with news of his early retirement, will be presented with the IEA's gold medal for his contribution to Irish exports.

The Punt wonders why it took the IEA so long. Few men in modern Ireland have a better record when it comes to turning around a company and even fewer, if any, have done more to bolster Irish exports at the same time.

While events such as the IEA's annual dinner are undoubtedly pleasant affairs, The Punt is not sure that they will be enough to keep the relatively young and vigorous chief executive happy in retirement.

What comes next is anybody's guess, but there are certainly enough companies out there that need to be turned around and saved from management mistakes.

Aer Lingus boss Christoph Mueller's appointment as chairman of An Post was surely a statement of intent by the postal carrier. it will be interesting to see whether other companies, inside or outside the public sector, decide to tap Mr Moloney's talents in that direction.

Irish Independent

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