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Irish dairy cooperative Ornua has announced that John Jordan, its chief executive, will be stepping down from his current role. Jordan is set to embark on a new endeavour as he assumes the role of chief operating officer within a US-based private equity firm. While his departure from Ornua is anticipated in the near future, he will remain engaged with the board to ensure an effective transition process. The process of selecting a new chief executive for Ornua is poised to commence immediately. The organisation's board has designated Donal Buggy, current chief financial officer, as the interim chief executive. In this capacity, Buggy will guide Ornua through the transitional phase. Ornua cooperative chair Aidan O’Driscoll said: “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".
He continued: "I am very pleased that we are in a position to appoint someone of the quality of Donal Buggy as interim CEO. Donal has been CFO at Ornua since 2013 and is widely known and highly respected by Ornua staff, customers and industry peers. The Board and I are very confident in his ability to lead Ornua ably during the coming period. John Jordan will work with the Board and Donal to ensure a smooth and efficient transition.”
Jordan added: “It has been a huge honour 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 coop 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.”