Monday 18 February 2019

Billionaire Pearse Lyons died last March due to an acute lung condition that developed during his recovery from heart surgery. He was 73. His son Mark is now heading up his vast business interests.

The Alltech founder was born in Dundalk and after attaining a doctorate, he started his career in the brewing industry, where he developed a high-level specialisation in the properties of yeast. He then used his expertise to start up animal nutrition business Alltech in 1980. He built it up to become one of the most successful Irish-US businesses ever set up by an Irishman, with more than 5,000 staff globally, making him a billionaire in the process.

At the time of his death, the company said his wife, who is the company's director of corporate image and design, would continue 'to further Dr Lyons' vision for Alltech's global presence and their shared commitment to philanthropy and community involvement'.

However, the day-to-day running of the company will fall to Mark who will take on his father's stated goal of increasing revenues from more than $2bn to $10bn.

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