Heraty will retain her role on the global board of Japanese group Outsourcing, which bought out the businesswoman and her husband’s shares in CPL for €110m (£93.3m) in January 2021, according to the Irish Times.

Heraty co-founded CPL in 1989 and became the first female CEO of an Irish publicly quoted company a decade later when she floated the business, the newspaper said. Outsourcing acquired CPL last January for almost €318m in an all-cash deal.

Conn, Heraty’s successor, joined the company in 2017 as CFO before her appointment as deputy CEO in April. Heraty’s husband, Paul Carroll, stepped down as a director and left CPL after the takeover was completed, the Irish Times said.

CPL, which has 15,000 employees internationally, is focused on providing temporary staff. 

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