Principal Connections Tapped by Clann Credo to Find New CEO

November 18, 2020 – Ireland-based executive search firm Principal Connections has been selected by Clann Credo to lead its search for a new chief executive officer. Practice leader Darren McCabe is heading the assignment. Reporting to the chairperson and the voluntary board of directors, the CEO will determine and formulate strategies and policies and provide the overall direction for Clann Credo within the guidelines set and agreed. The CEO will be responsible for planning, directing, and coordinating the operational and financial activities of the organization together with the senior management team.

The role will involve liaison with the board on the delivery of the strategy, the achievement of objectives and wider issues around governance. Spokesperson duties in addition to working to influence public policy and developing strategic alliances with external bodies concerning social finance will be important facets of the post.

The winning candidate will be an energetic, driven and hands-on senior leader with an understanding of social finance or other relevant funding models. “The appointee will be able to clearly demonstrate social justice orientation and possess a solid understanding of corporate governance, together with financial acumen and excellent communication, innovation and public representation skills,” Principal Connections said. “A commitment to the mission, vision and values of Clann Credo is an essential requirement.”

Established in 1996, by religious investors, Clann Credo, designs and promotes innovative social finance products and services, contributing to inclusive prosperity and developing social capital, in a way that benefits the whole community. At the end of 2019, Clann Credo had a loan book of c.€35 million and over 400 borrowers. Clann Credo is a company limited by guarantee and is registered with The Charities Regulator. The organization is overseen by a voluntary board of directors with a head office in Inchicore, Dublin.

Irish Search Firm

Principal Connections, the Irish arm of Agilium Worldwide, offers five interrelated talent acquisition and advisory services to private, public and non-profit organizations across Ireland: senior executive and professional search, public advertised selection, senior interim management, board and non-executive director recruitment, and a comprehensive suite of leadership consulting and assessment solutions. Mr. McCabe has served many of Ireland’s leading multinationals, public limited companies, SMEs and not-for-profit organizations across a broad variety of disciplines.

Principal Connections recently placed Declan Costello as the new chief information officer at Maxol Group. Mr. McCabe led the assignment. Mr. Costello is a senior IT manager with over 19 years experience in leadership of global IT support service and data center organizations. Previously, he was head of IT operations at Applegreen.

Privately owned by four generations of the McMullan family, Maxol Group is at the forefront of innovation in the Irish forecourt convenience, fuel cards and lubricants sectors, with a reputation for expertise in the mobility energy business. Maxol has a network of 232 service stations across Ireland.

Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor  – Hunt Scanlon Media

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