Caroline Murphy, daughter of the late John Murphy, exits board after dispute over future direction of the company
John Murphy鈥檚 daughter has stepped down from her role as a board director of contractor Murphy Group amid a board dispute over the ownership structure of the business.
Caroline Murphy, daughter of the late John Murphy, the founder of Murphy Group, said in a statement today that she was exiting the family-owned business after a dispute with fellow board members.
Murphy said she had been unable to realise her aim of taking the 拢656m-turnover Murphy Group into an 鈥渆mployee-owned structure鈥�.
She said: 鈥淭he natural extension of my father鈥檚 values, in my view, is the development of the Murphy Group into an employee-owned structure.
鈥淚 believe the future of his legacy is best entrusted into the capable hands of its people. I have been vocal in my belief that leadership of this business must include those working on the ground if it is to continue to deliver for the clients who have placed their trust in us over the years.
鈥淭aking into account the direction of the board鈥檚 interests, the current structure holds no space for me to develop this process further.鈥�
Murphy Group was founded by John Murphy in 1950, who died in 2009, and grew to be one of the most successful Irish construction companies.
It is currently controlled by Maryland Trust, an Isle of Man-based company owned by the Murphy family.
Murphy Group has been contacted for comment.
Caroline Murphy鈥檚 full statement
鈥淔ollowing eight years with the Murphy Group, I have formally decided to exit the company.
鈥淢y father John Murphy, remains a great inspiration to me. I was delighted to have seen the company grow in strength during the years I worked to embed his values into the structure of the Murphy Group. I was proud to see those efforts recognised independently too, when I was named as one of the top five private business women in the UK.
鈥淭he natural extension of my father鈥檚 values in my view, is the development of the Murphy Group into an Employee Owned structure. I believe the future of his legacy is best entrusted into the capable hands of its people. I have been vocal in my belief that leadership of this business must include those working on the ground if it is to continue to deliver for the clients who have placed their trust in us over the years.
鈥淭aking into account the direction of the board鈥檚 interests, the current structure holds no space for me to develop this process further.
I wish all within the Murphy Group the greatest success for the future. I hope the company goes on to represent my father and continues to provide work and opportunity for many years to come.鈥�
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