The Ireland-based investment holding company has named a new chief executive in current company secretary Declan Cassidy.

Cassidy has been made a director with immediate effect and will assume the role of chief executive on 30 September.

His appointment will coincide with the departure of Boundary founder Niall McFadden, who will stand down from the board on the same date, in order to focus on "other day-to-day matters that concern him".

McFadden remains a 45% shareholder and a guarantor of the company's debt obligations to Anglo Irish Bank, with whom Boundary is still in talks regarding its debt facilities, which expired on 30 June.

Meanwhile, Boundary director Paddy Murphy has been appointed chairman, with effect from 30 September.

Earlier this month, Kall Kwik and Prontaprint managing directors Mike Dewsbury and Laird Mackay left ODC following a management review.