Tuesday 26 March 2019

Datalax chief financial officer to step down just months into new role

Datalex ceo Aidan Brogan
Datalex ceo Aidan Brogan
John Mulligan

John Mulligan

THE Dublin-based travel software firm Datalax has announced that its chief financial officer, Dónal Rooney, is to step down.

He’ll leave the company and the board in April. The former NAMA executive only joined the company last December, succeeding David Kennedy.

Last month, shares in the company collapsed more than 60pc after Datalex warned shareholders that it may have misstated its first half results for 2018, that were reported in August, and expected to post a loss for the year, after brokers previously expected adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of $16.2m (€14.3m).

Last week, Datalex said it would cut an unspecified number of jobs to save up to $10m a year as the embattled firm deals with the aftermath of spiralling costs on a project with Lufthansa.

“Dónal will remain with Datalex as CFO until April 2019 to assist with the transition to a new CFO and to advance a number of critical ongoing organisational projects,” said Datalex this afternoon.

“I am grateful to Dónal for his support, hard work and dedication through what has been a most challenging period for the group. I would like to wish him every success in his future career,” said Datalex chief executive Aidan Brogan.

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