David Sinnott who was appointed as CEO at Port of Waterford in August, has commenced his role at the closest Irish Bulk Port to mainland Europe.
As Afloat reported this summer, the port, headquartered at Belview Port on the River Suir, is in a strong financial position after reporting operating profits in July for the financial year of €1.1 million, up from the €0.7 million recorded in 2020. Turnover was €7.7m (2020: €7.2m) and shareholder’s funds ended the year at €34m.
Bulk throughput in 2021 came in at 1.7 million tonnes, an 11% increase on 2020, while containers handled remained broadly in line with 2020.
As reported previously, the new CEO is originally from Wexford and had been working in Germany for the last ten years for Carl Zeiss Vision International GmbH, where he held the role of Vice President of Product Management. He has now returned to the Southeast to take up the role of CEO at the Port of Waterford Company.
Prior to Sinnott’s time at Carl Zeiss Vision he served in several positions for the company in supply chain management. Starting out in materials management at their former manufacturing facility in Wexford, he then spent time as Director of European Supply Chain, before taking a role as Director of Business Integration. Sinnott is from Wexford town and was president of the Wexford Chamber of Commerce in 2002 and 2003.
