Ballymore Properties founder Sean Mulryan is to side-step from his current chief executive role, to become the firm's new executive chairman.

The top level shuffle comes as the firm begins to expand into international markets, according to Mr Mulryan.

David Brophy will replace Mr Mulryan as CEO. Lately Chief Operating Officer of the group, Mr Brophy will now be responsible for the day-to-day running of the business, reporting directly to the new executive chairman.

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The role of executive chairman is expected to involve identifying business opportunities, as well as being at the helm of all creative and design work.

According to Ballymore, this will encompass the overseeing of planning applications, and stretch right to the presenting of the end product.

"These changes reflect the primary challenge for the Ballymore Group - that of managing significant growth while maintaining operational and design excellence," said Mr Mulryan.

"The current demanding economic times bring with them enormous development opportunities globally for Ballymore and David's appointment allows me to concentrate on pursuing those opportunities around the world."

"David will be responsible for the profitable operation of the Group and for maximising return on investment," he added.

(PR/JM)