Saturday 20 January 2018

Boardroom musical chairs

GREENCORE has appointed two new non-executive directors, replacing board members who retired at the end of last year.

Heather Ann McSharry and John Warren will take the place of Pat McCann and former chairman Ned Sullivan who have retired.

Both of the new faces are what might be called serial directors.

Ms McSharry is the head of the Irish arm of chemicals firm Reckitt Benckiser, but she also sits on the board at CRH, is chairman of the Bank of Ireland Pension Fund Trustee Board, and serves on the board of the IDA where she chairs the audit and finance committee.

Mr Warren meanwhile was chairman of the ready-meals maker Uniq, which Greencore bought two years ago. He holds directorships with The Rank Group, Bovis Homes, Spectris, 4imprint and Welsh Water.

Now The Punt has nothing against people holding multiple directorships, but how many is too many?

Some might say these board places are rewards for a successful business career, but too often the board seats of Ireland seem to be something of a closed shop that are filled by the same people over and over.

When The Punt receives notice of a new non-exec director at an Irish firm, the release will usually highlight at least a handful of directorships the person already holds or held.

Given where many Irish firms are today, it might be time for some new people not experienced in the 'status quo' of board membership to be called up.

Irish Independent

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business