O'Connor safe pair of hands for Sherry Fitz?

 

FORMER Anglo chairman Donal O’Connor, above, is stepping into a new role at Sherry FitzGerald following last weekend’s announcement by Mark FitzGerald that he is to move away from day to day operations in Dublin.

FitzGerald is not stepping down or sideways, he just wants to concentrate on getting out into the marketplace and doing some deals. In recent years he’s been both chief executive and chairman. Now he wants to concentrate on the latter role.

O’Connor, who resigned from Anglo last June, spent two years at the troubled bank, and was reponsible for putting in place a new management team as Anglo lurched from one crisis to the next. Previously he headed up accountants PWC where he worked for 36 years.

Sherry Fitz should be a piece of cake compared to Anglo and the plan is for him to work there on a part-time basis to chair the leadership team.

A permanent chief executive will be appointed in due course, says FitzGerald, who plans to divide his time between his Dublin and London operations.

The group employs 200 people in Ireland, apart from those who work in its franchises, and 200 people in London, where it owns the posh Marsh Parsons estate agency chain which has branches in neighbourhoods such as Notting Hill and Chelsea, to name but two.