Ires Reit appoints Kavanagh to board

IRISH Residential Properties REIT (Ires Reit), Ireland’s biggest private landlord, has appointed Tom Kavanagh to the board of the company.

Mr Kavanagh will join as an independent non-executive director with effect from June 1.

He is currently a partner at Deloitte Ireland, a position from which he is due to retire on May 31.

However, he will continue to provide consulting services to Deloitte until the end of the year.

In a statement yesterday, Dublin-listed Ires Reit described Mr Kavanagh as a man with wide-ranging experience in the corporate world as a business adviser, in corporate restructur- ing, forensic accounting and as an insolvency practitioner.

Declan Moylan, chairman of Ires Reit, said that the company was “extremely pleased” to welcome Mr Kavanagh to the board.

“We believe that Tom brings wide-ranging business experience and knowledge of the property sector in Ireland and coupled with a significant finance background, will be a valuable addition to our board.”

Mr Kavanagh’s experience includes advising on the restructuring of distressed Irish property assets.

In addition, he has served as a director on the boards of a number of private companies, and was a member of the board of the Credit Union Restructuring Board, REBO, from 2012 to 2014.