Investors

ESB’s position as Ireland’s leading energy utility, its stable business profile and solid financial position ensures it is well positioned to meet the challenges that lie ahead and to continue to invest at the necessary scale and pace to deliver on its strategic commitment to be net zero by 2040. ESB has a strong balance sheet and liquidity position, and the maintenance of financial strength is key to support the investment required to deliver a net zero energy future.

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Sustainability

At ESB, we are making a stand for Ireland’s future, a future powered by clean and sustainable electricity. We are committed to leading the transition to a reliable, affordable, net zero energy future. A future that protects our customers and the economy by maintaining the security and affordability of energy.

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ESB Board Members

Our Board comprises 12 members appointed by the Minister for the Environment, Climate & Communications. Board members include the Chairman, the Chief Executive, six independent Non-executive Directors and four elected Worker Directors.

The Board Members:

bring independent and objective scrutiny to the oversight of the organisation;
are challenging when necessary while being supportive to the delivery of organisational strategy and objectives;
are equipped to offer considered advice on the basis of sound judgement and experience; and
make a time commitment to their work commensurate with their role.

The appointment and remuneration of Board members (including the Chairman) is determined by the Minister for Public Expenditure, NDP Delivery and Reform and the Minister for the Environment, Climate Communications. Under the “one person/one salary rule”, the Chief Executive does not receive a board fee. Terms and conditions are set out in Board member’s Warrants of Appointment.

Paul Lynam

Appointment and Terms
04.10.2016 - 03.10.2021

14.12.2021 - 13.12.2024

Career Experience
Currently Managing Director of Jungheinrich Lift Truck (Ireland) and Jungheinrich UK Limited, both subsidiaries of the German based Jungheinrich AG. A Councillor of the German Irish Chamber of Commerce and former President. Has over 30 years' experience in business in Ireland and internationally. Previously served as Director of Operations of the International Industrial Services with Brand Energy and Infrastructure Services, was CEO of the Whitfield Clinic, CEO of Siemens Limited Ireland and CFO of Siemens Limited Ireland (2008-2010). Spent 14 years in Germany in various management roles with Smurfit Group and Kappa Packaging. Holds a BSc in Analytical Science from Dublin City University (DCU), a postgraduate diploma in business studies from UCD and an MBA from City University Seattle.

External Appointments
Director at Jungheinrich Lift Truck Limited (IE) and Jungheinrich UK Limited, Councillor/Director of the German Irish Chamber of Commerce and previously served as Director of Siemens Ireland and Director of Whitfield Clinic associated companies.