Firecomms Management Team Transitions Following Acquisition
Thomas Moriarty Appointed as Managing Director,
Declan O’Mahoney Departs
Cork, Ireland--October 11, 2011--Following the successful all-cash acquisition in 2010 by China-based ZJF Group, Firecomms announces the appointment of COO Thomas Moriarty as Managing Director, and the departure of CEO Declan
O'Mahoney, who has left the company to focus
on other opportunities.
Moriarty, who founded Firecomms with the current CTO Dr. John Lambkin, brings a wealth of experience to the role having previously served as the company’s CFO and Chief Engineer. Prior to founding Firecomms, Moriarty set up the Irish subsidiary of Moog Inc. and grew it to a staff of 150.
"Firecomms is the first Irish Company to be acquired by a Chinese multinational company, a process I am delighted to have completed,” says O’Mahoney. “Thomas and I worked on the transition over the summer, so now it’s time for him and his team to continue to grow the company under the ZJF Group. The company could not have a better managing director than Thomas. I wish him and the team the very best with this next phase of Firecomms."
CEO of Firecomms since 2002, O'Mahoney led the company through expansion in worldwide sales, and successive strategic and institutional funding rounds. As Firecomms now enters a period of expansion into new growth areas, O’Mahoney leaves Firecomms with a stable management team, solid financial footing, and exciting new growth prospects.
"Declan guided Firecomms through a significant and complex process to where we are a global leader in our field with the backing of a corporation that will deliver long term growth for the company," says Moriarty. "I am excited to be taking our team onto the next level with new product developments, expanded manufacturing facilities, and growing our presence in the Chinese domestic market."
About Firecomms, a ZJF Company
Firecomms develops optical transceivers that drive fiber optic networks in home, industrial and automotive applications. The company’s revolutionary OptoLock® technology, licensed worldwide, has created the ability to bring Plastic Optical Fiber (POF) into every home in the world.
Firecomms, a ZJF company, is headquartered in Cork, Ireland and has facilities in China, Japan and the USA. Additional information about the company can be found on its web site at http//www.firecomms.com.
OptoLock is a registered trademark of Firecomms Ltd.
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