Paul Donovan (businessman)

Donovan returned from Australia to join Vodafone in 1999 as a Commercial Managing Director for the UK. A year later, he negotiated the country’s then largest sporting sponsorship deal with Manchester United FC for £36m.[8] He was promoted to CEO of Vodafone Ireland in 2001, where, following the company’s acquisition and rebranding of Eircell he helped launch Ireland’s most successful 3G service. In 2004, he was promoted to Vodafone Group’s Executive Committee, becoming Regional Chief Executive.[9] In 2006, he assumed responsibility for the Group’s operations across the EMAPA region, which included Hungary, Czech Republic, Romania, Turkey, Egypt, Kenya, South Africa, Mozambique, Lesotho, Democratic Republic of Congo, India, Fiji, Australia and New Zealand. He was also responsible for the Group’s investments in China Mobile, Bharti Airtel, SFR and Verizon Wireless, and served on the board of all four companies. During this time, he also helped launch Indus Towers, India’s largest mobile tower company, a three-way joint venture between Vodafone, Bharti and Idea Cellular.[10] Donovan stepped down at the end of 2008, following the appointment of Vittorio Colao as Vodafone’s CEO.[11]

Donovan was appointed Chief Executive Officer of the Irish telecommunications company Eircom in July 2009. The company, which had been described by commentators as “the Greece of Irish corporate life” had experienced four changes in ownership in ten years, had accumulated €4.0bn of debt and was reeling from the Financial Crisis.[12] Donovan led the company’s transformation programme, restructuring corporate debt at a scale never seen before in Ireland.[13] He secured investment from ST Telemedia and agreed an £85m cost reduction programme with the unions.[14] He also established a joint venture with Telefonica and secured a £90m investment in fibre based internet services, as well as helping launch a range of new wholesale products.[15][16][17] In 2012, Donovan led the company through Examinership, a process in Irish law whereby the protection of the Court is obtained to assist the survival of a company. As a result, €1.7bn of debt was written off, securing the future of the company.[18] He was also served as the Chairman of the Irish Telecoms and Internet Federation between 2010 and 2012.[19]

Donovan was appointed Chief Executive Officer Odeon UCI Cinemas Group, Europe’s leading cinema operator, by the private equity firm Terra Firma Capital Partners in February 2014.[20][21] Donovan was an open critic of the cinema industry’s inward focus and poor digital track record.[22] He introduced a number new innovations in pricing, digital marketing and guest experience, which helped boost the company’s performance and public image.[23] Respected industry commentator John Sullivan described Donovan’s impact saying: “the fortunes of this beleaguered icon of UK cinema were seemingly transformed overnight” and Odeon’s leadership as “a textbook case on how to bring a business back from the brink”.[24] In November 2016, having helped turn the company around, he facilitated its acquisition by AMC Theatres for £921m.[25] This made AMC Theatres the world’s largest cinema operator. AMC’s CEO Adam Aron was quoted saying “We congratulate Paul Donovan on his successful leadership of Odeon. He is a talented executive who has made a difference to the business” [26]