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Forfás Chief Appointed as New IDA CEO

Mr. Shananan to take up new role in August.

Mr. Shanahan to take up new role in August.

IDA Ireland, the foreign investment agency of the Irish government, has announced the appointment of Martin Shanahan to the role of CEO Designate of IDA Ireland.

Mr. Shanahan is currently the CEO of Forfás, the advisory board for enterprise, trade, science, technology and innovation.

He will take up the new role in August and lead the development of a new strategy for IDA, along with client companies, the Department of Jobs, Enterprise & Innovation, other Government departments and sister agencies.

IDA, together with the Public Appointments Service, and PWC, undertook an extensive search program to find the best candidate to lead the organisation through a new phase in its successful development.  The organisation has enjoyed strong results over the last number of years, with over 161,000 people now working for over 1,000 foreign companies based in Ireland.

The chairman of the IDA, Frank Ryan, said in a statement: “Martin Shanahan is an energetic senior executive, with extensive experience in both public and private sectors.  He will bring a wealth of knowledge of economic development from his previous role as CEO of Forfás.   Working with the current dynamic IDA team, he will build on the successes of recent years and take the organisation into a new phase of its development.”

Since joining Forfas in 2005, Mr. Shanahan has been to the forefront in the development of enterprise and innovation policy in Ireland.  He is currently a member of the Board of Forfás, the National Competitiveness Council and the Expert Group on Future Skills Needs.

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