IAWS boss to stand down

PHILIP LYNCH surprised the Irish market yesterday with the announcement he is to quit as boss of IAWS after more than 20 years.

Chief operations officer Owen Killian will succeed Mr Lynch. Aged 57, Mr Lynch is to take over as chairman from Jim Maloney, who will relinquish his position in the group on October 1.

"Over the past five years IAWS has successfully developed into a totally new area of business lifestyle foods. In doing so, we have established strong market positions in the UK, US, Canada and Europe. Each of these markets offers exciting potential and the drivers of growth for the future are clearly mapped out for several years ahead."