Two new appointments to the board of expanding Sam McCauley
Sam McCauley Group has made two new appointments to the board of directors of the company, which is hoping to double its size in the coming years.
Jimmy Tolan has been appointed Chairman while Tony Keohane has been appointed a Non-Executive Director.
A former Chief Executive of the VHI and former head of PWC's healthcare advisory business, Jimmy Tolan has in-depth knowledge of Ireland's healthcare sector.
During his time as CEO of the VHI he oversaw a number of innovations including the VHI adopting a focus on wellness and positive healthcare outcomes for VHI customers.
Tony Keohane is a veteran of Ireland's retail sector with over 30 years' experience including six years as Chief Executive of Tesco Ireland, before being appointed Chairman of the company from 2013 - 2015.
He is current chair of Ervia and of Repak and also sits on the board of Bord Bia.
His retailing experience will be invaluable to as Sam McCauley seeks to strengthen its position as the country's leading Irish owned pharmacy group.
Sam McCauley's is the third largest retail pharmacy group in Ireland.
With 30 stores and almost 600 employees nationwide, the company reported a turnover of €78 million in 2016. Earlier this year Carlyle Cardinal Ireland (CCI), the private equity fund established by The Carlyle Group (NASDAQ: CG) and Cardinal Capital Group acquired a majority shareholding in the company.
Tony McEntee, CEO of Sam McCauley Chemists said: 'Jimmy and Tony bring a wealth of experience to our board at a time when we are pursuing an aggressive growth strategy.
'Our ambition is to double the size of the company in the coming years through a combination of organic and acquisitive growth to further strengthen Sam McCauley's as the largest Irish-owned pharmacy group.
'As chairman, Jimmy will provide a strategic focus to our expansion plans. An increasing focus on healthier lifestyles underpins growth in the Health, Wellness & Beauty market for the foreseeable future and Jimmy's VHI experience will be particularly beneficial as we seek to grow in this market.
'My priority as CEO is to expand our customer touchpoints while maintaining a strong retail presence in communities throughout Ireland. As one of Ireland's most successful retailers, Tony's insights and advice will be pivotal in the delivery of this strategy,' he said.
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