Origin initiates search process for a new chief financial officer

It has been announced this morning that Origin Enterprises plc has initiated a search process to appoint a new chief financial officer (CFO).

Imelda Hurley, who currently holds the position, has indicated her intention to step down from the board of the agri-services group on February 28, 2018.

She will then leave the group effective of April 30, in order to pursue other business, academic and personal interests, according to Origin.

As a result, the company has initiated a search for a new CFO and an appointment will be made in due course.

Commenting on the announcement, Origin chairperson Rose Hynes said: “Imelda has provided strong financial leadership during a period of significant change and transition for the group.

On behalf of the board I would like to express our sincere thanks and appreciation to Imelda for her invaluable contribution to the development of Origin throughout her tenure, and to wish her well in her future endeavours.

Meanwhile, Origin also announced the appointment of Peter Dunne – who joined the group in 2016 – as group finance director, effective immediately.

Recently, the group confirmed that an increase in revenue of almost 4% was reported in a “satisfactory start” to the 2018 financial year – in the “seasonally quiet” first quarter.

Also Read: Origin reports a revenue increase of almost 4% in ‘satisfactory’ quarter

For the three-month period ending on October 31, group revenue totalled €346.7 million. This compared to €333.6 million in the corresponding period the previous year, an increase of 3.9%, according to the statement.

On March 8, 2018, the company will issue its interim results announcement for the half year ending on January 31.