Cork GAA appoints Chartered Accountant as new CFO
Cork GAA has appointed Denis Calnan as its new Chief Financial Officer.
a chartered accountant for 20 years, he will be responsible for financial management, control and treasury in all aspects of Cork GAA and will report to the managing director, Kevin O’Donovan.
The move is a further sign of the growing financial responsibility of county councils and some treasurers are struggling to fulfill due to the volume and size of dealings, particularly with the scope and scale of Cork.
A member of the Carbery Rangers club, Calnan has worked in the renewable energy sector, private industry and multinational organizations such as Kerry Group and EY. He was financial controller of GP Wood.
Cork GAA generated €3.35m in 2020 despite the impact Covid had on the balance sheet from current borrowing levels of €21.65m related to banks and €11.98m due to Croke Park after the costly redevelopment of the Pairc Ui Chaoimh.
The announcement completes a nomination process overseen by County Chairman Marc Sheahan, Treasurer Diarmuid Gowen, Ger Lyons (Audit & Risk), Michelle McAleer (Croke Park) and O’Donovan.