New boss McCarthy 30 years with group

STAN McCarthy, president and chief executive of Kerry Ingredients Americas, has been appointed chief executive-designate of the Kerry Group.

The 49-year-old will succeed Hugh Friel, 63, and will return to group headquarters in Tralee, Co Kerry, after 23 years in the US. Last year Mr McCarthy earned €809,000 compared with €956,000 for Mr Friel.

The new chief executive, whose background is in accountancy, has spent his career with the group he joined in 1976, through the graduate recruitment programme.