Big changes at Dunnes Stores
There have been major changes at the board level of Dunnes Stores, signalling the biggest shift of power at the family-run retail giant in a generation.
14 September 2017 | 0
Anne Heffernan and Sharon McMahon, the daughter and niece of Dunnes Stores CEO Margaret Heffernan, have been appointed to the company’s board of directors, signalling a significant shift in power for the family-run retail empire.
The Irish Independent reports that the younger Heffernan – who has long been involved in the business in a number of capacities – is now the de facto leader of the business, while McMahon is at the head of its property and investment interests.
The future of the notoriously secretive multinational – first established by Ben Dunne in the 1940s – has long been the subject of media and public speculation, particularly when siblings Heffernan and Frank Dunne, who have been at the helm for decades, would make way for the next generation. The ascent of McMahon and the younger Heffernan is a sure sign that that time has arrived.
Dunnes Stores sits in third place in the Kantar Worldpanel index of Ireland’s most popular supermarkets, behind Tesco and SuperValu, with a 21.1% share of the market.