TWO more high-level resignations and a change of ownership have rocked high-profile public relations company Carr Communications.
Yesterday, it emerged that the company’s managing director Dermot McCrum resigned from the company two weeks ago, at around the same time as former managing director Terry Prone quit.
Mr McCrum was replaced as managing director yesterday by a former senior consultant to the company, Tony Hughes.
Mr McCrum has also sold his 52% stake in the company, which he acquired four years ago as part of an 8 million management buyout.
It is understood that Mr McCrum sold on at current market value.
Ms Prone’s husband Tom Savage has also resigned as a consultant, yet their son Anton Savage remains with the company.
Some staff were said to be in tears yesterday when they were informed Mr McCrum and Mr Savage were exiting the company.
Carr Communications chairman Fergus Hoban said in a statement he and existing shareholder Donal Cronin have purchased Mr McCrum’s majority shareholding.
New managing director Mr Hughes was a founder, with Mr Hoban, of the Touchstone Healthcare Group where Mr Hughes held the post of chief operations officer.
The company statement did not address the reasons for the departure of Mr McCrum, Mr Savage and Ms Prone.
Mr McCrum said that having considered recent events at the company, his only option was to resign and sell his stake in the company. He plans to establish a consultancy in conjunction with his wife Dolores Comerford.
Neither of the other two directors who resigned could be contacted for comment on their departure from the company.
In the statement, Mr Hughes wished Mr McCrum well in his future ventures, and thanked him for his contributions to the company over the last 26 years. Mr Savage and Ms Prone were not mentioned in this way.
Mr Hughes said: “I am delighted to have this opportunity to rejoin Carr Communications, and to lead it through its next exciting phase. The company is one of the most prestigious in its sector, and one of the most profitable.
“We have a wonderful team of professionals in Carr Communications and we appreciate their dedication to providing an excellent service to all of our clients. The arrival of new talent in the company over the next few months to join our team will provide the opportunity for further consolidation and growth.”
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