Brosnan walks away from Kerry Group

KERRY Group legend Denis Brosnan has walked away from the leading global food ingredients company he helped create.

The 58-year-old Kilflynn man has stepped down as chairman of the €2.6 billion company he nurtured from its creation in the Canon’s Field outside Listowel. He has also resigned from the board but retains a significant shareholding in Kerry Group.

The market made light of the move, which was signalled in February, and Kerry Group shares closed virtually unchanged at 14.05, down just 5c.