Thursday 18 January 2018

CRH's Hartery to be Musgrave chairman

Nicky Hartery
Nicky Hartery
John Mulligan

John Mulligan

Cork retail group Musgrave has appointed CRH chairman Nicky Hartery as its own chairman, succeeding Peter Lacy, who retires from the role at the end of the year.

Musgrave controls the SuperValu chain, as well as brands such as Centra and Daybreak.

It also has a wholesale operation and owns a retail and wholesale business in Spain.

Mr Lacy has been a non-executive director of the family-owned Musgrave group since 2006, and has served as chairman since 2014.

He was formerly a partner at accountancy firm PwC.

Mr Hartery joined Musgrave as a non-executive director in 2010.

He has held executive roles with companies including Dell, where he was vice president of manufacturing and business operations at its Europe, Middle East and Africa division.

He held that role between 2000 and 2008.

Prior to that, he was executive vice president with Eastman Kodak and also served as CEO of computer storage firm Verbatim.

"In his role as non-executive director, Nicky has already made a valuable contribution to the business and I know we will continue to benefit from his deep expertise, particularly in the area of supply chain," said Musgrave CEO Chris Martin.

Mr Martin also thanked Mr Lacy for his contribution to the group.

Musgrave generated turnover of €3.7bn last year.

Group pre-tax profit, excluding a €15.5m net pension gain, after it closed its final defined benefit scheme last year, was €73m, compared to €38.1m a year earlier from continuing operations.

Irish Independent

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