Energy and distribution group DCC has appointed John Moloney as its chairman designate.

Mr Moloney is due to succeed Michael Buckley, who has been DCC chairman since 2008 and who is retiring in September. 

Mr Moloney retired as group managing director of food group Glanbia at the end of last year, after 12 years in the job. 

He joined the board of DCC in 2009 and is also chairman of the state forestry company, Coillte Teo and a non-executive director of Greencore, Smurfit Kappa and a number of private companies.