Spring to work fulltime with FEXCO

FORMER Tánaiste and Foreign Affairs Minister Dick Spring is to work fulltime with international financial services company FEXCO.

A FEXCO board member since 1997, Mr Spring, 52, lost his Dáil seat in the May general election and his appointment yesterday as executive vice-chairman of the FEXCO Group marks the most high-profile crossover from a solely political career to business in the history of the State.

The move almost certainly marks the end of Mr Spring’s political career, as it is unlikely he will contest a general election in the future after 21 years in the Dáil. Mr Spring, a barrister by training, will be paid a six-figure salary and will report directly to FEXCO founder and chairman Brian McCarthy.