Friday 23 March 2018

Former TV3 supremo aims to deliver in new job at helm of An Post

David McRedmond, former ceo of TV3
David McRedmond, former ceo of TV3
Dearbhail McDonald

Dearbhail McDonald

David McRedmond, the former chief executive of TV3, is to be the new chief of An Post, the State-owned postal company that has faced a fundamental shift in its business as consumers continue to migrate to digital communications.

Mr McRedmond succeeds Donal Connell, who retired last May after 10 years in the role.

Mr McRedmond, who will serve a seven-year term from the beginning of October, said his job will be to ensure that the postal company meets the "seismic market changes head-on with boldness and creativity".

An Post maintains a network of 1,150 rural and urban post offices - 250 fewer than the 2007 peak. It has a number of strong subsidiaries, icluding the Gift Voucher Shop, whose One4all vouchers dominate the market.

However, it has struggled to secure a major take-up in the new Eircode system and traditional mail volumes are expected to be 50pc below their 2007 peak in less than five years.

Mr McRedmond, who served a chief executive of independent broadcaster TV3 from 2006 until its sale to Liberty Global last year, said it is "an honour and a rare opportunity "to be able to lead such a major organisation.

"The company has a magnificent history and is a great and much-loved brand," said the one time candidate for the position of Director General of RTE.

"My job will be to ensure its future is as bright as its past, meeting the seismic market changes head-on with boldness and creativity.

"I have been convinced by the board's dedication to the task of ensuring An Post is central to a dynamic, open Irish economy."

Read More:

Mr McRedmond, who was appointed after a competitive search process overseen by the board, joins An Post with a diverse corporate background. Before his appointment to TV3, he was commercial director of Eircom (now Eir) and managing director of Eircom Enterprises.

Mr McRedmond began his career in retail, working as an industry executive in the UK and United States where he held senior roles such as operations director of Waterstones and managing director of WH Smith Travel Retail.

The Dubliner is a director of the Ireland Funds and non-executive chairman of Powerscourt Media (Ireland), the public relations consultancy. An Post chairman Dermot Divilly said he was "delighted" to have attracted a "business leader of the experience" of Mr McRedmond to lead An Post through the "challenging industry and technology environment" in the years ahead.

"I have been impressed by his ability to lead transformational change in companies across several adjacent sectors such as retailing, telecoms and media," said Mr Devilly.

Irish Independent

Business Newsletter

Read the leading stories from the world of Business.

Also in Business