Chief executive of Kentz to step down
Limerick native Hugh O'Donnell is to step down from his role as chief executive of global engineering group Kentz next month. Mr O'Donnell, who'll be succeeded by Kentz chief operating officer Chris Brown, has led the firm through a decade of significant growth. Headquartered in Clonmel, Co Tipperary, Kentz joined the FTSE-250 in 2011 after floating on the Alternative Investment Market (AIM) in 2008. Kentz's clients are primarily leading oil, gas and mining firms. Mr O'Donnell (46) will continue to provide Kentz with exclusive advisory services for the next three years.
FORMER Lloyds finance boss Kent Atkinson and former Viridian Group chief Patrick Haren are joining the board of Bank of Ireland as non-executive directors. BoI announced the appointments yesterday, adding that Mr Atkinson will sit on the bank's audit and risk committees, while Mr Haren will serve on audit and remuneration.
SMEs and entrepreneurs from across the island of Ireland are being invited to "think global" by Ulster Bank, as part of an events tour continuing in 2012. The 'Business Live' series, run in association with smallbusinesscan.com, will appear in eight venues in February and March.
VODAFONE Ireland revealed yesterday it now has 200,000 customers for its home landline service. Vodafone took over BT's home broadband and voice customer base in late 2009, rebranding the service as Vodafone At Home. The telco is now offering a free smartphone to customers who sign up for a new two-year contract.
ELAN and Biogen have won US clearance to modify the label of their multiple-sclerosis Tysabri treatment with new safety information that could double sales to $3bn. A blood test that could also lead to increased sales has also just been approved for use in the US.