Business Irish

Tuesday 24 October 2017

Opera-loving Tom Lynch adds another string to his bow

THE irrepressible Tom Lynch is adding yet another string to his bow. The opera-loving brother of former Eircom chief executive Peter Lynch has joined AIM-listed GW Pharmaceuticals as a non-executive director. Mr Lynch (53) will sit on the remuneration committee, as well as the audit committee.

He is a former chairman of Elan and former chief executive of NASDAQ-listed biotechnology company Amarin, where he serves as a non-executive director.

Other business interests include a directorship of IDA Ireland, ICON and several other foreign biotech companies, as well as a seat on Health Minister Mary Harney's expert group on resource allocation, where the former KPMG chartered accountant is advising the Government on the future financing of Ireland's acute hospitals.

The Belfast-born economics graduate, pictured, also sits on the board of the Royal Opera House.

He is also chairman of Opera Ireland and a board member of his alma mater, Queen's University.

Joyce takes the reins at BoI

BANK of Ireland has appointed Tony Joyce as head of group investor relations at a tricky junction in the lender's long history.

Mr Joyce replaces Geraldine Deighan, who has left the bank.

He will report directly to chief financial officer John O'Donovan.

Mr Joyce won his spurs as head of group planning and analysis over the past two years as the bank struggled to retain its independence.

The chartered accountant previously did a three-year MBA with the Schulich School of Business in York University, Ontario, Canada.

Goggin beats the competition

FORMER ComReg chairwoman Isolde Goggin has been appointed to the Competition Authority for the next six months by Trade Minister Batt O'Keeffe.

The trained engineer previously served with the Competition Authority, before her appointment to the communications regulator in 2002.

She has also worked with the European Commission, Eircom and the multinational Ericsson.

"Ms Goggin will make an important contribution to the work of the Competition Authority and in supporting government policy to boost competitiveness, keep prices down and drive productivity across the economy," Minister O'Keeffe said.

ST chief meets his Eircom team

THE boss of ST Telemedia, Lee Theng Kiat, was in Dublin in the past few days to meet his management team at Eircom, which the Singapore outfit formally acquired in January. It's rumoured that the CEO also had a meeting with the Taoiseach.

Communications Minister Eamon Ryan met Mr Lee in Singapore over the St Patrick's Day celebrations this year.

The STT boss is likely to have been keen for an in-depth update of Eircom's financial position, given that a €3.3bn debt pile is currently weighing heavily on the telco.

Doherty leaves on good terms

GREENCORE chief financial officer Geoff Doherty revealed yesterday that he was leaving the sandwich and quiche maker to join Cavan-based insulation company Kingspan at the end of the year.

Mr Doherty, who earned €757,000 last year, has soldiered with Greencore for nine years, helping to transform the company from a sugar and malt business to a convenience-food company aimed squarely at the UK market.

There is clearly no hard feelings after the announcement, with Greencore chairman Ned Sullivan going out of his way yesterday to wish Mr Doherty "every success in his future career".

Irish Independent

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