Calnan to remain at split SWS as president

SWS has abandoned its search for a new chief executive to replace Kieran Calnan, who retires from the company in early April.

The Irish Examiner understands that Mr Calnan is to be appointed president of SWS and will be retained as group development director of the Bandon-based business, which was recently bought for €110m in cash by Dublin-based financial group, Ion Equity.

It has emerged also that the two divisions of SWS bought by Ion will be split into two separate operations.