INDEPENDENT News & Media has announced the appointment of a new chief financial officer.
Ryan Preston, who joins from Tesco, will replace Eamonn O’Kennedy who is leaving the media group to pursue other interests.
Mr O’Kennedy will be replaced by Mr Preston in December.
Mr O’Kennedy will remain with INM until after Mr Preston joins.
Chairman of INM, Leslie Buckley paid tribute to Mr O’Kennedy.
He said: “On behalf of the Board of INM, I would like to thank Eamonn O’Kennedy for his significant contribution and dedication to his various roles within the company over fifteen years, in particular for his considerable input as CFO to the financial restructuring of the business over the past two years. We wish him every success with his future career.”
Mr O’Kennedy said: “Given the success of the financial restructuring completed in 2013 and after over 15 years in the Company, I feel that it is time for me to look at new opportunities. I wish the board, the new CEO and all of my many colleagues, with whom it has been an absolute pleasure to work, every success for the future.”
Mr Preston is currently Tesco group finance director Europe.
A native of Belfast, Ryan Preston, aged 41, holds a BA (Hons) in Accounting from the University of Ulster in Jordanstown.
Having worked in Stewarts Supermarkets, Mr Preston joined Tesco in 1997 as part of the acquisition working in internal audit and worked in a number of roles at the supermarket group. He became chief financial officer of Tesco Ireland in 2010 and in 2013 was promoted to group finance director for Tesco Europe.
Welcoming Mr Preston’s appointment, Mr Buckley said: “I am delighted we are in a position to attract someone of Ryan’s calibre to INM. His appointment follows an extensive recruitment process, via an independent recruitment firm.
"The process was overseen by the nominations sub-committee of the board. There is continued work to do to transform INM in terms of organisational change and to respond to the opportunity presented by digital. We will look to build on the back of the strong first half performance for the company."
Sunday Indo Business