Greencore board sharply criticised

THE board of Greencore was condemned yesterday for the high salaries being paid to top executives and for its failure to deliver on the share price, which has fallen to €1.14 following the collapse of the proposed merger with Northern Foods.

Disgruntled shareholder Daniel O’Riordan, commenting at yesterday’s EGM on the lack of progress by the company over the past 10 years, said instead of trying to merge with Northern Foods “we should be taken over so that we can get out of here”.

As a group “we have embarrassingly fallen on our faces,” he added.