10th Mar 2005 10:03
Allied Irish Banks PLC10 March 2005 For Immediate Release 10 March 2005 AIB APPOINTS GROUP CHIEF EXECUTIVE DESIGNATE Allied Irish Banks, p.l.c (AIB) is pleased to announce that Mr Eugene Sheehy hasbeen appointed Group Chief Executive Designate, to succeed Mr Michael Buckley onhis retirement. Mr Sheehy (full career details attached) is currently Chairman and CEO, MidAtlantic Division, M&T Bank. Subject to honouring his existing commitments at M&T, it is planned that he will take up his new role as Chief Executive Designate,AIB Group, in April. Commenting on Mr Sheehy's appointment, AIB Group Chairman, Mr Dermot Gleesonsaid:- "Choosing the right person to succeed a Chief Executive of Michael Buckley'scalibre was a difficult task. However, in reaching our decision we were greatlyassisted by being able to choose from an outstanding field of both internal andexternal candidates. "Eugene will bring a valuable mix of both internal and external experience tothe role. He combines a thirty year career in AIB, during which he held avariety of key posts, with three years working at the very highest levels in M&T, one of the most successful banks in the United States. "I know that he is more than equal to the challenges ahead and, on behalf ofmyself, Michael Buckley and the other members of the AIB Board I would like towelcome him back to AIB and wish him every success." -ENDS- For further information please contact: Catherine Burke Alan Kelly Head of Corporate Relations Head of Group Investor Relations AIB Group AIB Group Bankcentre Bankcentre Dublin 4 Dublin 4 Tel: +353-1-6600311 ext. 13894 Tel: +353-1-6600311 ext. 12162 Career Details Eugene Sheehy Eugene joined Allied Irish Banks in 1971. He spent 20 years in the retailnetwork in the Dublin area, operating at manager level in branches in Dame St,Capel St and Phibsborough. In 1992 he completed an M.Sc in Organisation Behaviour in TCD/IMI, for which heobtained the Sir Charles Harvey Award. Soon after he was given responsibilityfor the overall Change Programme in the retail network and led theimplementation of the Bank's New Branch Banking System. In 1999 he was appointed General Manager, Retail Operations for AIB Bank and inearly 2001 was appointed Managing Director, AIB Bank (Republic of Ireland). Eugene has worked on many initiatives at Industry level including the NationalPayments Strategy with Government and as a founding Board member of IPSO (IrishPayments Services Organisation). In 2001 he was President of the Institute ofBankers in Ireland. In March 2002 Eugene was appointed as Chief Executive Officer of AIB USADivision and Executive Chairman Designate of Allfirst Financial Inc and AllfirstBank. In September 2002, AIB announced that Allfirst Financial Inc. was to be mergedinto M&T Bank Corporation. As part of this strategic partnership, Eugene took upthe position of Chairman and CEO, Mid Atlantic Division, M&T Bank. Eugene joinedthe Executive Management Committee and the Board of Directors of M&T. A native of Dublin, Eugene was born in 1954. He attended Salesian College,Limerick and is married to Cora and has one son and one daughter. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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