Mr Pierce Casey, the venture capitalist, has joined the board of Oakhill, the de-merged print and packaging division of James Crean, as a non-executive director. He has a 5.45 per cent stake in Oakhill and his management company will "work with the board and management of Oakhill in the execution of its strategic plan", according to a short statement from Oakhill last night.
The value of this consultancy has not been disclosed. However, it could be in the region of £75,000 to £80,000 (#95,230#101,579) per annum, according to industry sources. Mr Casey who has stakes in a number of publicly quoted companies such as Lamont and a stake of more than 29 per cent in Unidare with Mr Dermot Desmond, purchased his 3,076,984 shares in Oakhill last January.
Oakhill also announced that Mr Gavin Loughrey would be appointed as alternate to Mr Casey on the board. Mr Loughrey is a director of Mr Casey's management company.
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