Minister Coveney welcomes appointment of new CEO of IDA Ireland, Michael Lohan

Tuesday, 21 March 2023


The Minister for Enterprise, Trade and Employment Simon Coveney T.D. today welcomed the appointment of Michael Lohan as CEO of IDA Ireland. The appointment was announced by the Board of IDA Ireland.


Speaking today, Minister Coveney said:


“I congratulate Michael on his appointment as CEO of IDA Ireland. I look forward to working with him to sustain Ireland’s success in winning and retaining investment and jobs in an increasingly competitive international environment. We must ensure that Ireland continues to attract and retain overseas investments and the jobs they provide and that our value proposition continues to be amongst the best in the world.


“IDA Ireland is recognised as a leading investment promotion agency, responsible for supporting over 300,000 jobs in multinational companies across the country. The performance of our FDI sector has reached record levels, notwithstanding the current resetting by the tech sector, and I am looking forward to working with Michael and the IDA in maintaining Ireland’s strong performance in attracting and retaining high-quality FDI.


“Our FDI sector is a central element of our economic model. IDA will play a leading role in implementing Government’s policy on enterprise as set out in the recently published Government White Paper on Enterprise. Government is committed to ensuring that Ireland remains at the frontier of new technologies and sectoral development and realising the potential of our regions. IDA is working closely with the FDI sector on digital transformation, achieving our net-zero carbon commitments and developing our offshore wind industry.


“My Department and IDA will work hand-in-glove to maintain Ireland’s strong performance in attracting high-quality mobile FDI to Ireland in such key sectors as ICT, Lifesciences, Financial Services and frontier manufacturing, as well as further embedding the many FDI companies already located here, built up over the seven decades of IDA’s existence.”


The Minister also joined IDA Chairman, Mr Frank Ryan, in thanking Mary Buckley for her leadership as Interim CEO of IDA Ireland over the past months.