Former FG man Farrelly made new chair of Steorn spin-off

Company has also raised more than €100,000 from hundreds of small shareholders

John V Farrelly i

Former Fine Gael TD and senator John V Farrelly is the new chairman of Hephaheat, after a boardroom reshuffle at the quick-boiling kettle maker that was spun out of free-energy company Steorn.

The company has also raised more than €100,000 from its hundreds of small shareholders – though the company had been aiming to raise €300,000, documents show.

It brings the total amount of investment from the company’s investors – most of whom ...