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First Derivatives appoints new CEO

Newry technology company First Derivatives has announced the appointment of a new Chief Executive.

Seamus Keating takes up the role following the death of the firm’s founder, Brian Conlon, who passed away in July last year.

Mr Keating was previously appointed a non-executive director of First Derivatives in 2012 and became chairman a year later.

Mr Keating has extensive leadership expertise in the global technology sector, including executive roles in both finance and operations in multi-national technology companies.

A qualified accountant, he held a number of senior roles at Logica plc until its acquisition in 2012 by CGI Group, which included chief financial officer, chief operating officer, president of the Benelux region and chair of its worldwide financial services practice.

Since 2012 he has worked with a number of growing technology businesses in the private and public markets as chairman and non-executive director. 

Newly appointed Chief Executive of First Derivatives, Seamus Keating.

Following his appointment, Mr Keating said: “Since my appointment as executive chairman, my priority has been to ensure the Group maintains its drive to deliver growth. During this time I have met stakeholders across the business, including employees, customers, partners and investors across all the regions in which the Group operates. I have been struck by the high regard in which FD and our corporate culture is held, which provides an excellent platform on which to execute the Group’s strategy. 

“I am grateful to FD’s employees who have shown immense dedication during this difficult period and to the Board for its support as I take on this new role, leading FD to achieve its long-term objectives,” he added.

The company’s non-executive director Donna Troy has now been appointed chairman of the Group.

Ms Troy has a depth of experience in both senior executive and non-executive roles within multi-national technology companies. She has held chief executive, division general management and sales leadership roles in organisations including IBM, Partnerware, McAfee, SAP, Dell and Epicor, delivering revenue and margin growth and implementing global go-to-market strategies and currently holds non-executive roles at Pivot3, TIBCO, Aptean and Curvature.

Ms Troy was appointed a non-executive director of FD in January 2018.

Welcoming Mr Keating’s appointment, Ms Troy said “We are delighted that Seamus has agreed to lead FD on the next stage of its journey. He was appointed Executive Chairman under the most difficult of circumstances and has demonstrated his ability to lead the team effectively while we undertook a search for a new CEO. There was considerable interest in the role from well-qualified candidates. However, as we refined the requirements it was apparent that we already had an outstanding candidate in Seamus. When he signalled his desire to take on the role, the Board was thrilled and I look forward to working with him to execute our strategy to realise the enormous potential within the Group.”