Mannok appoint new CEO and CFO
Dara O’Reilly to succeed Liam McCaffrey as CEO and Brenda Rennick appointed as CFO
MANNOK, manufacturers of a diverse range of building products for the Irish and UK markets, and employers of more than 800 people in the Fermanagh, Cavan region of Ireland, have announced the appointment of Dara O’Reilly as the company’s next chief executive officer (CEO).
Mr O’Reilly will succeed Liam McCaffrey who is set to retire as CEO during 2024 but will continue to be involved in the business as a non-executive director. Brenda Rennick, Mannok’s finance director, has been appointed as new chief financial officer (CFO).
Mr McCaffrey and Mr O’Reilly have served as CEO and CFO, respectively, since the establishment of Mannok (then named QIH) in December 2014. Since that time, Mannok have invested more than €100 million in the region, turnover has doubled, profitability (EBITDA) has grown more than five-fold, and the business has added over 150 jobs.
Adrian Barden, chairman of Mannok, commented: ‘Liam McCaffrey has been a formidable leader of Mannok over the past nine years, developing and growing the company into a profitable and well-invested business whose people, products, and services are widely respected in the industry. We are very pleased to have continuing access to his knowledge and experience in his capacity as a non-executive director.
‘As a board, we conducted a succession process for the positions of CEO and CFO, and we were delighted to have the requisite talent and experience to promote from within. Dara and Brenda enjoy the respect and trust of their colleagues and of the board. I wish them well in our next phase of growth as an increasingly sustainably focused business.’
Thanking colleagues for their support, Liam McCaffrey said: ‘It has been my privilege to serve as chief executive officer working alongside exceptional colleagues across the business and with a hugely supportive board. What we have achieved for the business and the region, we have achieved together, and I know that will continue under the leadership of Dara, Brenda, chief operations officer Kevin Lunney, and the broader senior management team.’
Dara O’Reilly commented: ‘This is a resilient business with great people and a bright future. Over the coming years we will continue to source, produce, and employ locally, but we will also transform our manufacturing processes to become one of the cleanest producers in our industry. Managing that energy transition, whilst continuing to grow the business, will be our key priority for the business over the coming years.’
