Lakeland Dairies Chief Executive Michael Hanley has announced his decision to retire in December 2022.
He follows a 36 year career with the Co-op including the last 16 years as CEO where he led the transformation of Lakeland Dairies into the second largest dairy processing co-operative on the island of Ireland with annual sales of €1.3bn.
Hanley said it was the “right time” for him to make that decision after reporting record full-year financial results for 2021.
“It is my honor and privilege to run this wonderful cooperative business together with the board, my management team and all the amazing people at Lakeland Dairies and to make a significant contribution to the farming families and dairy industry in the north half of the island of Ireland . I look forward to making further progress in the current year.
“The Lakeland business is in excellent shape to drive continued growth and development, with the financial strength, resources and a highly experienced leadership team to continue the great strides we have all made together to date,” he said.
Hanley has been Group CEO of Lakeland Dairies since 2006.
Michael Hanley, Group CEO, is a very experienced figure in the dairy industry and has previously held various senior positions within Lakeland Dairies since the company was founded in 1990, including Executive Vice President, General Manager of Northern Ireland Operations, General Manager of Dairies and Manager for member relationships.
As member relations manager, he led the original 1990 campaign which saw Killeshandra and Lough Egish Co-operatives merge to form Lakeland Dairies.
The cooperative acquired and integrated various businesses over the years leading to the largest merger of dairy cooperatives in Ireland in 2019 – the merger of Lakeland Dairies and Lacpatrick Dairies.
Over the past decade, Lakeland has invested over €200 million in new equipment and technology, increasing milk supply and processing capacity to a record level of over 2 billion liters.
Lakeland Dairies recently reported a 20% increase in sales to a record €1.3 billion for 2021. Operating profit of €28.2 million was up 8%.
Originally from Strokestown, Co. Roscommon, Michael Hanley has an agricultural background and is a graduate in Agricultural Sciences from University College Dublin. He is also Chairman of the County Cavan Enterprise Fund.
Niall Matthews, Chairman of Lakeland Dairies said: “Michael Hanley’s leadership and contribution to Lakeland Dairies is exceptional. His instinctive understanding of dairy farming and the dairy industry, combined with his personal commitment to the well-being and success of our industry, is outstanding and we give him credit for that.
“We are sincerely grateful to Michael for the personal dedication and energy he has brought to every aspect of his work throughout his career to date. Our board and all members of the cooperative wish him, his wife Valerie and his family all the best for the future. In the meantime, I look forward to his continued contribution and support, and we will also move forward with the process of finding a successor over the coming months.”
https://www.independent.ie/business/farming/agri-business/lakeland-dairies-ceo-michael-hanley-announces-decision-to-retire-in-december-2022-41639359.html Lakeland Dairies CEO Michael Hanley announces the decision to retire in December 2022