The board of Kerry Co-op anticipates presenting its proposals for the cooperative’s future to shareholders later this year. James Tangney, elected as chair of Kerry Co-op last December, stated that the co-op is now “at an inflection point” over 50 years since its foundation.

“As a board, we are working diligently to ensure that the plans currently being developed will position the society and its shareholders on a sustainable platform to continue to prosper,” Tangney outlined in the co-op’s 2023 annual report.

In the report, Tangney emphasized that the Irish dairy industry has been integral to the co-op’s establishment and ongoing success. “There is much to consider as the industry evolves over the coming years with regard to global markets, processing capabilities, investment requirements, and the challenges of climate change and sustainable dairying,” he said. He stressed the importance of maintaining and strengthening the core business for the benefit of all stakeholders.

“As a board, it is our responsibility to devise a future strategy that will help us achieve that objective,” Tangney added. He noted that the board is “actively working on the development of strategic options for the future success of the society in the context of the Kerry Group plc milk contract ending in April 2026.”

“I expect that later this year, your board will be in a position to outline future strategy plans to our advisory committees and membership and then proceed to present our proposals for shareholder consideration,” Tangney said.

He emphasized that “any fundamental decisions on future direction will be put to eligible shareholders for their consideration and approval. No binding decisions will be made without shareholder approval. Ultimately, we wish to ensure that future strategy will fairly benefit all our shareholding members.”

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