Companies

Analysis: Sweeney’s Ires departure caps turbulent year - but shareholder issues could yet resurface

The country’s biggest landlord has endured a tumultuous year following shareholder dissatisfaction in April

Ires Reit Chairman Declan Moylan and chief executive Margaret Sweeney following the company's AGM, May 2023. Picture: David Cantwell

Margaret Sweeney’s decision to announce her exit Ires Reit next April rounds out what has been a tumultuous year for Ireland’s biggest landlord.

Activist investors have been breathing down the board and management’s necks since April, exercised that the company has “increasingly become an ineffective platform”.

Further claims by one disgruntled investor said they had been “misled, cajoled, and stymied” by directors in their efforts to change how the company is run.

Those claims emerged ...