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Opchat Magazine Industry NewsIndustry News, April to June 2019

Ocuco announced as one of Ireland’s Best Managed Companies!
Alcon and Novartis complete split
Read Industry News published between January and March 2019

Ocuco announced as one of Ireland’s Best Managed Companies!

April 2019

Company receives award for second time

Ocuco has been named as one of Ireland’s Best Managed companies in the Deloitte Best Managed Companies Awards programme, in association with Bank of Ireland. The company, which demonstrated superior business performance for the second year, was recognised at a gala awards dinner in Dublin on 1 March 2019.

This year, 12 new companies join a network of 136 companies that were awarded the status of Best Managed. The Best Managed Companies network this year has total revenues of almost €11 billion, export sales of almost €3 billion and total employment of approximately 44,000 people.

Leo Macanna at Ocuco
Commenting on the award, Leo MacCanna, CEO, Company Ocuco said: “The Best Managed Companies is an excellent opportunity to continuously audit, examine and test our strategy, management systems and team within a formal framework provided by Deloitte. I have to give all of the credit yet again to our management team for entering and running this process successfully from start to finish.”

Anya Cummins, Partner, Deloitte said: “Well done to all of the winning companies on their achievement. The Best Managed Companies process is a rigorous one, examining every facet of an organisation, and the bar is set high by our judging panel. As ever, the spread of companies, right around the country and across a number of industries, underlines the importance of Irish and Northern Irish companies to the economy and in the midst of economic uncertainty, technology disruption, an open competitive market and full employment, the continued strong performance of these businesses is admirable. In the current environment, it is important for this contribution to be recognised, supported and showcased.”

Tom Hayes, Chief Executive, Bank of Ireland Corporate Banking said: “It’s a challenging time for businesses in general, with the operating environment consistently and rapidly changing, due to technological developments, new ways of doing things, and challenges on the macroeconomic horizon. The Best Managed Companies this year have demonstrated that they can optimise each area of their business while always operating with an acute awareness of their environment, recognising the opportunities of expansion into global markets, in addition to strategic alliances and partnerships. I look forward to their continued growth.”

This year’s judging panel members were Frank Ryan, Chair of the Judging Panel; Brendan Jennings, CEO, Deloitte Ireland; Tom Hayes, Chief Executive, Bank of Ireland Corporate Banking; Siobhan McAleer, Commercial Director at the IMI; Rose Hynes, Chairman of the Shannon Group Board and Origin Enterprises; and Feargal Mooney, former Chief Executive Officer of HostelWorld.

Alcon and Novartis complete split

April 2019

Medical devices company Alcon has completed its separation from Novartis under the new strap line ‘See Brilliantly’.

Shares began trading on 9 April 2019 on the SIX Swiss Exchange and New York Stock Exchange (NYSE) under the symbol “ALC.”

Meanwhile Novartis continues to ‘reimagine itself’ as pharmaceutical company powered by medicines, data science and advanced therapy platforms.

The Alcon spin-off will allow it to focus its capital and management on medicines giving it a financial profile closer to pharmaceutical industry norms.

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