Waterford Wedgwood names new CEO

As of 1 September 2005, the Irish luxury crystal and porcelain group Waterford Wedgwood will be led by Peter Cameron following the retirement of Redmond O“Donoghue Group as Chief Executive Officer. M…

As of 1 September 2005, the Irish luxury crystal and porcelain group Waterford Wedgwood will be led by Peter Cameron following the retirement of Redmond O“Donoghue Group as Chief Executive Officer. Mr. O“Donoghue will remain on the board of the company as a non-executive director and will become a special consultant to Sir Anthony O“Reilly, the Chairman, Peter John Goulandris, the Deputy Chairman and the new Chief Executive Officer. Peter Cameron steps up to the CEO role from his current position of Group Chief Operating Officer with effect from 1 September 2005. Mr Cameron has been Group Chief Operating Officer since June 2004. He has been with the Group since June 1999 when the Group acquired All-Clad, the premium cookware business where he was a senior executive. In 2001 he joined the Group Board and in 2004 he negotiated the successful sale of All-Clad and assumed his new responsibilities as Group Chief Operating Officer. Sir Anthony O“Reilly, Chairman, said: “Redmond O“Donoghue has been an outstanding servant to Waterford Wedgwood. During his five years as CEO of Waterford Crystal the business experienced unprecedented growth. Then, as Group Chief Executive, he led the company to its best-ever years in 2000 and 2001”. “I“m very pleased to announce Peter Cameron“s appointment as it represents the latest stage in Waterford Wedgwood“s restructuring, following the acquisition of Royal Doulton and the reorganisation plan announced in May. The Board is confident that he is the best manager to tackle head-on the needs of the company, in particular the importance of contemporising the product range and ensuring that Waterford Wedgwood“s brands are more relevant to consumers than ever”. Peter Cameron, Chief Executive-designate, said: “I am delighted to have been offered this opportunity to run such a prestigious company. I am determined to make Waterford Wedgwood the low cost operator in each of the markets in which we operate”. “I am particularly excited at the prospect of continuing the process of making the Waterford Wedgwood ranges even more contemporary and relevant to today“s consumer, therefore ensuring that the Group retains its pre-eminent position in each sector in each of its key markets”.