Henchy makes Dairygold face up to reality

JERRY HENCHY looks to have secured the full support of farmer shareholders to do what’s necessary at the troubled Dairygold Group.

The 10-man board did not fare as well at the annual general meeting earlier this week and the vote of no confidence carried by 792 votes to 649 looks on the face of it to have been the crossing of the Rubicon by the owners of the business, namely the farmer suppliers.

The vote of no confidence was well engineered, or so it would seem, and the reality at this stage is the 10 board members had no choice but to step down.