Business Irish

Sunday 25 February 2018

Ex-Bank economist McCarthy leaves DAA

Colm McCarthy
Colm McCarthy
John Mulligan

John Mulligan

Former Central Bank economist Colm McCarthy, pictured, has stepped down as a director of Dublin and Cork Airports operator DAA.

He had been on the board since 2012 and was reappointed in 2015 for a two-year term.

Another non-executive director, John Lynch, has also stepped down. He was also originally appointed in 2012 and appointed again in 2015.

Mr Lynch is the head of the EMEA marketing operations at aircraft leasing firm BBAM.

A spokeswoman for the DAA confirmed the pair's departure and said there is no indication yet as to who might fill the now vacant board seats.

The DAA board is appointed by the Minister of Transport, Tourism and Sport, who is currently Shane Ross.

The non-executive directors received just under €16,000 each in annual fees in 2015. One non-executive director, Patricia King, the general secretary of the Irish Congress of Trade Unions, waived her fee.

The DAA board can consist of a total of 13 directors, which includes the chairman.

Current chairman of the DAA is Padraig O'Riordan, a partner at law firm Arthur Cox.

The board also includes four worker- directors.

Irish Independent

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