The CEO of Enterprise Ireland Leo Clancy has signalled his intention to step down from the helm of Ireland’s export and business growth agency.
It is understood that Clancy is stepping down from the helm of Enterprise Ireland to take up a new leadership role elsewhere.
Clancy has presided over a period of dramatic growth for Irish SMEs scaling across the world but equally a period of global turbulence in terms of funding trends for start-ups.
“Leo’s contribution to the success of Enterprise Ireland over the past four years has been exceptional and he will be greatly missed. We wish him well in the next phase of his career”
Last year employment in client companies of Enterprise Ireland increased to a total of 225,495, the highest level ever recorded.
In addition, some 156 start-ups were supported by the agency with €24m invested during 2023.
In August, the Irish Government revealed the €250m Seed and Venture Capital Scheme will operate from 2025 to 2029 and will have a record allocation of €250m administered by Enterprise Ireland.
Solid results
Michael Carey, chair of Enterprise Ireland, said: “Leo Clancy has notified me of his intention to step down as CEO of Enterprise Ireland in March 2025. Leo is leaving to pursue a new career opportunity in the private sector. This news comes at a time when the agency is in a very strong position, having achieved record results in terms of client jobs and exports, spend in the Irish economy and support for start-ups”.
“Leo’s contribution to the success of Enterprise Ireland over the past four years has been exceptional and he will be greatly missed. We wish him well in the next phase of his career,” said Carey.
Enterprise Ireland will commence a recruitment process immediately to advertise the vacancy and appoint a new CEO.
It is intended that Kevin Sherry, executive director and member of the Enterprise Ireland Senior Leadership Team will be appointed interim CEO from March pending the appointment of a new chief executive of the agency.
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