6STAN

Sunday Independent (Ireland) - Business & Appointments - - FRONT PAGE - MCCARTHY, KERRY GROUP, €5.74M

Mccarthy is an­other on the list who has left his role, which is now filled by Ed­mond Scan­lon.

Scan­lon pre­vi­ously headed up the com­pany’s Asia di­vi­sion — a re­flec­tion per­haps of the com­pany’s pre­vi­ously stated de­sire to ex­pand sig­nif­i­cantly in that re­gion.

Last year saw in­creases in rev­enue and trad­ing profit at Kerry, which is best known for its con­sumer brands but now does most of its busi­ness in in­gre­di­ents and flavours, via its taste and nu­tri­tion di­vi­sion. Ear­lier this month a trad­ing up­date was pos­i­tive, with vol­umes up and group mar­gin main­tained.

Mccarthy’s fig­ure here is de­rived from con­vert­ing his ba­sic pack­age into euro from dol­lars at the ex­change rate from the end of 2017. The vest­ing of a num­ber of shares in the early part of 2017 is also included.

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