Dairygold set for fresh elections following board resignations
A vote of no confidence in the board was passed at the annual general meeting of shareholders in Mallow last Tuesday. It followed sharp criticisms by shareholders about milk price, processing costs and the co-op's product mix. Operating profits dropped by 80% last year.
The no confidence decision was seen to have left the board members in an untenable position and resignations were deemed to be inevitable. Formal notice that nine board members had tendered their resignations at a meeting on Thursday have now been issued to each of the 209 members of the co-op's general committee. Eamon A Looney, secretary, stated in the letter that each of the resignations causes a casual vacancy on the board and further communication will be circulated at an early date.
