Waterford US chief in shock retirement

WATERFORD Wedgwood yesterday switched control of the company’s US operations to Ireland following the unexpected retirement of the chief executive and president of Waterford Wedgwood USA, Christopher J McGillivary.

Within hours of the Irish Examiner asking if major changes were underway in Waterford’s US management structure the company issued a statement to the Stock Exchange announcing 57-year-old Mr McGillivary’s early retirement.

Irish-based Waterford Crystal chief executive John Foley is to add the responsibility for Waterford Wedgwood USA to his current role.