Bord na Móna MD quits after 7 years

Gabriel D’Arcy is to step down as managing director of Bord na Móna, after nearly seven years in charge, at the end of October.

He is set to join dairy and agri-business entity, Town of Monaghan Co-op as chief executive later this year.

It is understood that Mr D’Arcy — whose current contract with Bord na Móna wasn’t due to come up for renewal until the end of this year — offered his resignation to chairman John Horgan following the group’s AGM and the publication of its annual report and accounts earlier this week.