The Chief Executive Officer of dairy firm Ornua, John Jordan, has revealed his decision to step down from his current position. Mr. Jordan will be transitioning to a new role as Chief Operating Officer within a US-based private equity company.
Having held the position of Ornua’s CEO for a span of five years, Mr. Jordan’s leadership is notable. During the search for a permanent successor, Donal Buggy, the Chief Financial Officer of the company, will serve as interim CEO. This selection process is currently underway.
Reflecting on his departure, Mr. Jordan expressed, “It has been a huge honor for me to be the Chief Executive of Ornua and to have spent three decades working in this business. I am so proud of the positive impact that Ornua creates for its Co-Op shareholders and, in turn, for the 14,000 Irish dairy farming families that supply them and enable Ornua to create world-class premium products for our customers globally. I am confident that Ornua will go from strength to strength. We have great brands and a brilliant team.”
Aidan O’Driscoll, Chairman of Ornua Co-operative, paid tribute to Mr. Jordan’s substantial contributions: “John Jordan has been an excellent Chief Executive for Ornua over the past five years, and prior to that, he held several other key management roles. John has given a huge part of his professional life to Ornua, as he joined us approximately 30 years ago. It has been a privilege to work with him, and on behalf of the Board, the Executive, and the rest of the Ornua team, I want to thank John for all his efforts and wish him the very best for the future.”
In April, Ornua, recognized for the highly successful Kerrygold brand, disclosed achieving record revenues exceeding €3.4 billion in the previous year, marking a remarkable increase of 36.7% from its performance in 2021. However, Ornua also observed a 17.2% decrease in operating profit, which amounted to €127.2 million.
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