Scanlon and Merrion head on Valentia board

Friday 26 January 2007 21.32

The Eircom employeee share ownership trust (ESOT) has nominated Con Scanlon and John Conroy to the board of Valentia, the new owner of Eircom.

Con Scanlon is currently general secretary of the Communications Workers Union and will be Valentia's deputy chairman. John Conroy is chief executive of stockbroking and corporate finance group Merrion Capital.

Tony O'Reilly is chairman of Valentia.

The Eircom ESOT has secured a 29.9% stake in the new Eircom following the Valentia takeover.

An ESOT spokesman said Conroy would add valuable financial experience to the workers' representation.