Dairygold chief rejects ‘resign’ call

DAIRYGOLD chief executive Jerry Henchy last night rejected former Food Minister Ned O’Keeffe’s call for his resignation over policies at the co-op.

Mr Henchy said that when he took on the chief executive’s job last year he knew it wasn’t going to be easy. The business was in a loss-making dilemma.

It was faced with rising costs and falling margins in almost every area and it was on course to deliver annual losses of €26 million a year by 2007, and rising, if determined action to save the business from certain failure was not undertaken.