ESOP names nominees to Eircom board

Eircom’s employee trust ESOP, today announced the nomination of its two directors to the new board of Eircom.

Eircom’s employee trust ESOP, today announced the nomination of its two directors to the new board of Eircom.

Mr Con Scanlon has been nominated as deputy chairman and Mr John Conroy has been nominated as a director of the company.

Mr Scanlon led the ESOP in the recent negotiations surrounding the takeover of Eircom by Valentia, securing a 29.9 per cent stake in Eircom and two board positions.

Mr Conroy is chief executive of Merrion Capital, the Dublin-based stockbroking and corporate finance company.

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The nominations were made following a consultative process with all members of the Valentia Consortium.