Sunday 25 February 2018

Burke quits non-executive Superquinn role

John Mulligan

Fomer Superquinn chairman Simon Burke has now stepped down from his role as non-executive chairman of Superquinn.

Mr Burke stepped down as chairman before Christmas but at the time said he would be staying in an non-executive role. However, he has now left that position.

Mr Burke, who steered Superquinn as executive chairman since the business was acquired in 2005 by the Select Retail Holdings investment group for €450m, is also a shareholder in the group.

His role is being filled by Kieran Ryan, the tax consultant and shareholder in Superquinn who assembled the investors, including Bernard McNamara and Jerry O'Reilly, who bought the business.

Mr Burke stepped down from his position last November as Superquinn appointed former Dunnes Stores chief operating officer Andrew Street as chief executive. Mr Burke said at the time that he had been on the lookout for a chief executive for the business for some time.

He wanted what he described as a more strategic role at the retailer, which generates about €550m in annual revenue.

"I am very happy to be continuing my role with Superquinn, but now it will get 24/7 attention from a very capable chief executive," he said at the time.

Mitchells & Butlers

Mr Burke, who was not contactable yesterday, has just been appointed non-executive chairman of British pub group Mitchells & Butlers, in which Irish horseracing tycoons John Magnier and JP McManus own an almost 18pc stake.

He's also non-executive chairman of UK arts and crafts retailer Hobbycraft and a non-executive director of the BBC executive board.

Mr Burke told retail industry publication 'Checkout' that he would not be an "absentee chairman" and added that the business had been "significantly profitable" in 2009 and was in line to be profitable again in 2010.

"I'm very passionate about the business," he told the magazine, which revealed Mr Burke's departure yesterday. "I've stuck with it through thick and thin, and there's been a fair bit of thin, and I'm looking forward to making sure that that association continues."

Irish Independent

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business