DAA Appoints Kevin Toland as Chief Executive
The Board of the Dublin Airport Authority (DAA) has today appointed Kevin Toland as the company’s new Chief Executive.
Toland (47) joins DAA from Glanbia, where he currently is Chief Executive and President of Glanbia USA & Global Nutritionals, based in Chicago, Illinois. A native of Navan, Co Meath, Toland has been a member of the Board of Glanbia plc since 2003.
Under Toland’s guidance, Glanbia USA & Global Nutritionals has grown to become the largest manufacturer and exporter of American style cheese in the United States, and the number one globally in sports nutrition. The division he headed employs more than 2,600 people in four global business units, with 14 manufacturing plants as well as sales and marketing operations across North America, Europe and Asia.
“Kevin is exactly the right leader for DAA,” said DAA Chairman Pádraig Ó Ríordáin. “He combines pragmatic, effective management with strategic purpose and has a remarkable track record of success. We are very fortunate to have secured an executive of Kevin’s ability and international experience to drive the company forward, not just for the benefit of DAA, but for the benefit of the Irish economy as a whole.”
Toland said he was honoured to have been selected for the role. “I am delighted to get the opportunity to lead one of Ireland’s iconic companies and to contribute to its continued successful development at home and internationally. DAA has a pivotal role to play in the national economic recovery and I am greatly looking forward to returning home and working closely with the entire DAA team and all stakeholders to fulfil this goal.”
Toland takes up the position on 1 January 2013 and his appointment is for a seven-year term.
In making the announcement, Ó Ríordáin paid strong tribute to Oliver Cussen, the current Interim Chief Executive and to Declan Collier who concluded his term as Chief Executive in April.
Prior to moving to the United States in 2004 and assuming his current role in 2005, Kevin Toland held a number of other positions with Glanbia. He joined the company in 1999 as Director of Strategy and Marketing, before being promoted to Chief Executive of Glanbia’s Consumer Foods Division and subsequently becoming Group Development Director.
Before joining Glanbia, Toland held a number of senior management positions with Coca-Cola Bottlers in Russia and with Grand Metropolitan in Ireland and Central Europe. He is a fellow of the Institute of Chartered Management Accountants.
Toland is from Navan, Co. Meath and is married to Aisling who is from Dublin. Kevin and Aisling have three sons: Ben 14, Josh 11 and Matthew 10.
Dublin Airport Authority (DAA) is an airport management company with 3,000 employees and a turnover of €558 million in 2011. The company’s earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 9% to €160 million in 2011. DAA’s domestic operations include the operation and management of Dublin, Cork and Shannon airports. Through ARI, DAA has international airport retail operations and airport investments in 12 countries.
Glanbia USA & Global Nutritionals
Glanbia USA & Global Nutritionals is the largest division of Glanbia, with revenues of €1.4 billion in 2011, up 35% from 2010 and operating profit of €129 million, an increase of 23% over the previous year. It currently contributes 42% of Glanbia’s total revenues and 61% of the Group’s total operating profit.