Origin Enterprises Plc CEO Leadership Succession (5961P)

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RNS Number : 5961P

Origin Enterprises Plc

11 June 2020

Origin Enterprises plc

CEO Leadership Succession

Retirement of Tom O'Mahony, Group CEO

Appointment of Sean Coyle, Group CFO, as Successor

11 June 2020

Origin Enterprises plc, the Agri-Services Group ('Origin' or 'the Group') announces that Tom O'Mahony, Group CEO, has notified the Board that after 13 years as Group CEO, he will retire from his role and from the Board by the end of the 2020 financial year. Sean Coyle, Group CFO, has been appointed as Tom's successor, effective 1 July 2020, with the leadership transition taking place between now and the end of July. Origin will commence the search for a new Group CFO and announce an appointment in due course.

Sean was appointed Group CFO and to the Board in 2018. Sean was formerly Group Finance Director and Managing Director of the Supply Chain Division of UDG Healthcare plc ('UDG'). Prior to UDG, Sean was Chief Financial Officer and an Executive Director at Aer Lingus Group plc and, before that, held senior management positions at Ryanair Holdings plc.

Origin Chair, Rose Hynes, said:

"On behalf of the Board I would like to thank Tom for his dedication, commitment and leadership of Origin over the past 13 years. Tom joined the business in 1985 and has made an invaluable contribution during his 35 years with the Group. He has been a driving force behind the growth and development of Origin to become an international agri-services business. We wish him well for the future.

I am very pleased that the Group's succession planning is enabling the smooth transition from within the organisation and to have an individual of Sean's calibre to succeed Tom as Group CEO."

Origin Group CEO, Tom O'Mahony, said:

"After 35 years at Origin and the last 13 as Group CEO, it is an appropriate time for change. I am delighted that Sean has been appointed as Group CEO. Sean combines the necessary leadership qualities with a strong intellectual capacity and a clear communication style to bring the Group through its next phase of growth and development. I am very proud of the organisation we have built and the strength of its people, and leadership teams. Origin is well positioned to capitalise on its scale and competitive advantages as it continues to address the increasingly complex and sophisticated service requirements of primary food producers and amenity professionals."

ENDS

This announcement contains inside information.

Enquiries

 
 Origin Enterprises plc 
 Sean Coyle 
 Chief Financial Officer                     Tel:    [phone] 
 
 Brendan Corcoran 
 Head of Investor Relations and Group 
  Planning                                   Tel:    [phone] 
 
 Goodbody (Euronext Growth (Dublin) 
  Adviser) 
 Finbarr Griffin                             Tel:    [phone] 
 
 Davy (Nominated Adviser) 
 Anthony Farrell                             Tel:    [phone] 
 
 Numis Securities (Stockbroker) 
 Stuart Skinner                              Tel:    [phone] 
 
 FTI Consulting (Financial Communications 
  Advisers) 
 Jonathan Neilan/ Patrick Berkery            Tel:    [phone] 
 

About Origin Enterprises plc

Origin Enterprises plc is an international Agri-Services group, providing specialist agronomy advice, crop inputs and digital agricultural solutions to farmers, growers and amenity professionals. The Group has leading market positions in Ireland, the United Kingdom, Belgium, Brazil, Poland, Romania and Ukraine. Origin is listed on the Euronext Growth (Dublin) and AIM markets of the Irish and London Stock Exchanges.

 
 Euronext Growth (Dublin)   OIZ 
  ticker symbol: 
 AIM ticker symbol:         OGN 
 Website:                   www.originenterprises.com 
 

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END

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June 11, 2020 02:00 ET (06:00 GMT)