Tag Archives: Shannon Group

THE Board of the Shannon Group PLC has today (Friday) announced the appointment of Mary Considine as the company’s new Chief Executive. With over 25 years’ experience in industry, Mary is currently the Deputy CEO and CFO for the Group and has been Acting CEO since June 2019.     Mary, who is a native of Lissycasey, takes up the position with immediate effect.  Her appointment is for a seven-year term.  She is married to Éibhear and has three children. She is a qualified accountant and has extensive experience in aviation, finance, governance and commercial, having previously held a number of senior roles within Shannon Group. She was appointed Deputy CEO of Shannon Group (CFO, Company Secretary & Chief Risk Officer) in 2016, and subsequently appointed Acting CEO of Shannon Group in June 2019. Mary was appointed President of Shannon Chamber in June 2018.  She is also a member of the Governing Authority of Mary Immaculate College. Rose Hynes, Chairman …

SHANNON Group, which operates Shannon Airport, Shannon Heritage and Shannon Commercial Properties, has said that the hosting of The Ryder Cup in Adare Manor will be the single most important event ever for promotion of the region. Welcoming Government’s commitment on a licence that will pave the way for the 2026 event to be hosted at the stunning venue, Shannon Group Acting CEO Mary Considine said that in terms of global events, hosting The Ryder Cup cannot be surpassed for the region. “To secure one of the biggest and most prestigious sporting events in the world is not just a phenomenal achievement for Adare Manor but an incredible boost for this region. The beauty of this is that it’s not just the event itself in 2026 but it is the build-up, starting from today, that will shine a spotlight on the incredible offering that Adare Manor and this region has. “It doesn’t get better than this for the region. It …

SHANNON Group got a share of stick at Monday’s meeting with the County Council, but at least one element of it was undue. In his speech to the meeting, Mayor of Clare Cathal Crowe criticised various decisions made, and also claimed that Clare’s local representatives had been ignored at a recent celebration. “It was disappointing that the airport held a significant event just last week to mark the 80th anniversary of its operations and didn’t invite the Chief Executive Pat Dowling, Councillor Gerry Flynn (Chairman of the Shannon District) or myself, as Mayor of Clare, to attend. “Shannon Group must do better to improve its working relationship with this County Council.” However some time later when Acting Shannon Group CEO Mary Considine responded to questions raised by members, she said that there actually had not been a celebratory event to mark the 80th anniversary, although Shannon had used the date to help with its own promotion.   Owen Ryan

AMBROSE Loughlin, a former partner at McCann Fitzgerald Solicitors, Dublin, and Stephen Rae, business and media advisor, have been appointed to the board of Shannon Group PLC. Mr Loughlin and Mr Rae have been appointed by the Minister for Transport, Tourism and Sport, Shane Ross, TD, to serve on the board for a three-year term each. Rose Hynes, Chairman, Shannon Group said:  “Ambrose Loughlin and Stephen Rae are very welcome additions to the board.  Their experience will be invaluable to Shannon Group. Our new directors complement the board’s existing expertise and I look forward to working with them at this exciting and challenging time for Shannon.” Ambrose Loughlin was a partner for 22 years with McCann FitzGerald, one of Ireland’s leading law firms where in addition to client advisory work on financial services, he served in several senior management roles involving finance and risk. He is a board member since 2016 of the National Museum of Ireland and chairs its Audit …

SHANNON Group chief executive Matthew Thomas received a basic salary of €175,000 in 2018, along with other taxable benefits of €24,596. Mr Thomas also received pension contributions of €43,750, giving a total sum of €243,346. There were also business expenses of €13,448. He is due to leave Shannon Group next month and in the final annual report he will be involved with, Mr Thomas wrote, “2018 has been a positive year for Shannon Group. We have seen more passengers using our airport, more visitors enjoying our heritage tourist attraction and our property portfolio attracting more businesses to the region.” Regarding the performance of the airport, he said, “In 2018, Shannon Airport enjoyed its best year this decade, welcoming over 1.86 million passengers, a 6.5% increase in passenger numbers year on year. The UK and transatlantic markets were our best performers last year, both up 7%. During the year, there were 25,556 take-offs and landings from the airports’s newly-resurfaced runway, the …

LESS than three years after he arrived, Matthew Thomas is leaving his role as CEO of Shannon Group. He is set to take up a new position as CEO of the Ports of Jersey. Shannon Group Deputy CEO Mary Considine will take on the role of Acting CEO of Shannon Group after his departure in June. Since his arrival in mid 2016 Shannon Airport’s passenger numbers have increased, but the level of growth has been very moderate, reaching just 1.86 million last year. While this was an increase of 6.5% on 2017, it is not much more than half the numbers which used Shannon during the Celtic Tiger years, and the Clare airport’s growth was eclipsed by the increasing dominance of Dublin. Shannon is now way off the targets that were set for it as it separated from the Dublin Airport Authority at the start of 2013. On the industrial side, during Mr Thomas’ tenure there was significant investment in …

THIS week has seen calls for Shannon Group to purchase the long-closed Shannon Shamrock hotel and to develop a historic theme park, boosting Clare tourism. The hotel has been for sale for some time and it is understood that a bid in the region of €1.5 million has been made on it. Savills, the company working on the sale, are hoping to achieve a price of closer to €1.8m. At the moment, various rumours are swirling about the potential future of the property. Speaking to The Clare Champion on Wednesday, Niall O’Callaghan, managing director of Shannon Heritage, would not be drawn on whether purchasing the hotel is being considered. However, Mr O’Callaghan said that there are plans for major development in the Bunratty area. “We’re working on a masterplan at the moment in conjunction with Fáilte Ireland that we hope will come to fruition in the next 12 to 18 months. It’s part of the Fáilte Ireland Capital Grants Scheme …

SHANNON Group, which operates Shannon Airport, is calling on Government to support it in safeguarding EU connectivity for the Mid-West and Western regions in a post Brexit environment. Shannon Airport currently has UK hub connectivity through London Heathrow, which will continue to be hugely important connectivity going forward. But in a Brexit situation, as the UK exits the European Union, the airport will then be without connectivity into an EU hub. Commenting on the issue, Matthew Thomas, CEO, Shannon Group said: “European hub connectivity is vital for our tourism and business customers in the Mid-West, and Western regions. It provides the air access needed to grow tourism numbers, to conduct business and attract FDI investment from Europe and is now more important than ever in the context of Brexit. “While European connectivity is currently serviced through the London Heathrow hub, the reality is that in a post Brexit situation, the West of Ireland will be without this critical EU connectivity. …