Carbery Group CEO announces decision to retire

Carbery Group chief executive Dan MacSweeney has decided to retire from the company and will stand down at the end of this year.

According to a statement from the food company, a “comprehensive process” to identify a successor for Mr MacSweeney is currently under way.

“Under Dan’s leadership and direction, the group has expanded to a point where we now have diversified operations across four continents supplying close to 40 international markets and a successful and diverse portfolio of dairy, nutrition and food ingredients businesses,” said Dermot O’Leary, Carbery Group chairman.

"Importantly for the four west Cork co-ops and our suppliers, this business success has allowed Carbery pay industry leading milk prices to our suppliers over many years.

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Tremendous support

“On behalf of the board I would like to wish Dan and his family every success in the future,” he added.

Mr MacSweeney, who led the Carbery Group since 1992, said that he had received tremendous support in building the group "from the various board members I have served under, the management team I have worked with and the very committed staff who now number close to 600 and drive our business in our facilities at Ballineen, the US, South America, the UK and South East Asia.

“I have great confidence in the Carbery business and I have no doubt that the business will continue to grow and develop in the years ahead, continuing to deliver for the milk suppliers of West Cork in the future.”

Established in 1965, Carbery Group reported a turnover for the year ended December 2015 of €340 million and earnings before interest, tax depreciation and amortisation of €37 million, up from €35.3 million the previous year.