Kerry | Kerry Co-op announces nominee directors for Kerry Dairy Ireland

Kerry Co-operative Creameries Limited (Kerry Co-op) has announced the appointment of its six nominee directors to the board of Kerry Dairy Ireland.

This follows the recent vote whereby Kerry Group shareholders voted in favour of selling the company’s dairy division, Kerry Dairy Ireland, to Kerry Co-op.

The co-op now owns a 70% stake in the dairy division (€350 million), with the remaining 30% to be transferred from Kerry Group in 2035.

The new appointments to the board are current Kerry Co-op directors, including: Joe Collins; Conor Creedon; Mike O’ Flynn; Eoghan McCarth; Jim McInerney; and TJ Murphy.

It had already been agreed that Kerry Dairy Ireland’s Board of Directors will be chaired by Kerry Co-op chair, James Tangney.

In addition, the board will comprise of CEO, Pat Murphy, three Kerry Group plc nominees, and two independent non-executive directors, all of whom will be appointed in due course.

Chair James Tangney said: “I am pleased to announce the appointment of the six Kerry Co-op nominees to the incoming Board of Kerry Dairy Ireland. The appointments were made following a recent competition process.

“I wish the directors the very best and look forward to working with them and our fellow Kerry Dairy Ireland directors as we to transition the business to that of a co-op ethos and build further on the strong commercial platform in place to deliver sustainable returns in the months and years ahead for all our members.”

Kerry Dairy Ireland processes over 1.1 billion litres of milk annually from 2,740 family farms across Munster.

It has seven production facilities across Ireland and the UK and has a range of well-known consumer brands such as Cheestrings, EasiSingles, LowLow, Dairygold spread and Charleville.

The business, which has a forecasted revenue of €1.3 billion for 2024, employs over 1,500 people and operates 31 agri-services stores across Kerry, Limerick, Clare and north Cork.

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