Waterford Wedgwood CEO to retire

Waterford Wedgwood group CEO Redmond O'Donoghue is to retire from his position.

Mr O'Donoghue will remain on the board of the company as a non-executive director and will become a special consultant to chairman Anthony O'Reilly, deputy chairman Peter John Goulandris and the new CEO.

Current group COO Peter Cameron has been appointed CEO with effect from September 1, 2005. He has been group COO since June 2004.

Chairman Anthony O'Reilly said: "During Redmond O'Donoghue's five years as CEO of Waterford Crystal the business experienced unprecedented growth. Then, as group chief executive, he led the company to its best-ever years in 2000 and 2001. In the challenging years since then, he has devoted much of his energy to restructuring our worldwide business.

"Peter Cameron's appointment represents the latest stage in Waterford Wedgwood's restructuring, following the acquisition of Royal Doulton and the reorganisation plan announced in May."