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[Sep 2005]
New CEO for Waterford Wedgwood
Redmond O'Donoghue has retired as CEO of Waterford Wedgwood PLC. He will remain on the board of the company as a Non-Executive Director and will become a special consultant to Sir Anthony O'Reilly (Chairman), Peter John Goulandris (Deputy Chairman) and the new CEO.
Peter Cameron, previously Group Chief Operating Officer, was appointed as the new CEO effective 1 September 2005. Mr Cameron has been Group COO since June 2004. He has been with the Group since June 1999 when the Group acquired All-Clad where he was a senior executive. In 2001 he was appointed to the Group Board and in 2004 he negotiated the successful sale of All-Clad and assumed his post of Group COO.
Sir Anthony O'Reilly said: "Redmond O'Donoghue has been an outstanding servant to Waterford Wedgwood. During his five years as CEO of Waterford Crystal the business experienced unprecedented growth. Then, as Group Chief Executive, he led the company to its best-ever years in 2000 and 2001.
"In the challenging years since then, he has devoted much of his energy to restructuring our worldwide business. In the face of great adversity, especially the unprecedented fall in the US dollar, he has led our business with style, dignity and an unshakeable belief in the potential of our market-leading brands. The Board and I are pleased that he is to remain on the Board and that we will continue to have the benefit of his enormous experience as a consultant to the Group.
"I'm very pleased to announce Peter Cameron's appointment as it represents the latest stage in Waterford Wedgwood's restructuring, following the acquisition of Royal Doulton and the reorganisation plan announced in May. The Board is confident that he is the best manager to tackle head-on the needs of the company, in particular the importance of contemporising the product range and ensuring that Waterford Wedgwood's brands are more relevant to consumers than ever."
ENDS