Kerry Co-op Names Six Nominee Directors for Kerry Dairy Ireland Board
Source: DairyNews.today
Kerry Co-operative Creameries Limited (Kerry Co-op) has appointed six nominee directors to the board of Kerry Dairy Ireland, following a shareholder-approved deal to acquire the dairy division from Kerry Group.
The co-op, which now holds a 70% stake in Kerry Dairy Ireland valued at €350 million, is set to acquire the remaining 30% from Kerry Group by 2035.
Leadership and Appointments
The six nominees, all current Kerry Co-op directors, are Joe Collins, Conor Creedon, Mike O’Flynn, Eoghan McCarthy, Jim McInerney, and TJ Murphy. Kerry Co-op chair James Tangney will serve as chair of Kerry Dairy Ireland’s board, which will also include CEO Pat Murphy, three nominees from Kerry Group plc, and two independent non-executive directors yet to be appointed.
“I am pleased to announce these appointments following a competitive selection process,” said Tangney. “I look forward to working with the board as we transition Kerry Dairy Ireland to a co-op model while building on its strong commercial foundation to deliver sustainable returns for our members.”
A Key Player in Dairy and Agri-Business
Kerry Dairy Ireland processes over 1.1 billion liters of milk annually from 2,740 family farms across Munster. Its operations include seven production facilities in Ireland and the UK, producing popular consumer brands such as Cheestrings, EasiSingles, LowLow, Dairygold, and Charleville.
The business, with a forecasted revenue of €1.3 billion for 2024, employs more than 1,500 people and operates 31 agri-services stores across Kerry, Limerick, Clare, and north Cork.
The transition underscores Kerry Co-op’s commitment to embedding co-operative principles while leveraging the division’s robust commercial platform to benefit its members.
Leadership and Appointments
The six nominees, all current Kerry Co-op directors, are Joe Collins, Conor Creedon, Mike O’Flynn, Eoghan McCarthy, Jim McInerney, and TJ Murphy. Kerry Co-op chair James Tangney will serve as chair of Kerry Dairy Ireland’s board, which will also include CEO Pat Murphy, three nominees from Kerry Group plc, and two independent non-executive directors yet to be appointed.
“I am pleased to announce these appointments following a competitive selection process,” said Tangney. “I look forward to working with the board as we transition Kerry Dairy Ireland to a co-op model while building on its strong commercial foundation to deliver sustainable returns for our members.”
A Key Player in Dairy and Agri-Business
Kerry Dairy Ireland processes over 1.1 billion liters of milk annually from 2,740 family farms across Munster. Its operations include seven production facilities in Ireland and the UK, producing popular consumer brands such as Cheestrings, EasiSingles, LowLow, Dairygold, and Charleville.
The business, with a forecasted revenue of €1.3 billion for 2024, employs more than 1,500 people and operates 31 agri-services stores across Kerry, Limerick, Clare, and north Cork.
The transition underscores Kerry Co-op’s commitment to embedding co-operative principles while leveraging the division’s robust commercial platform to benefit its members.
