30th Apr 2009 16:00
|
Embargo 16:00 |
30 April 2009 |
AIB BOARD ANNOUNCEMENTS
Allied Irish Banks, p.l.c. ("AIB") [NYSE: AIB] makes the following announcements in relation to its Board.
AIB Group Chairman, Mr Dermot Gleeson, has announced that he is to stand down from the post in July this year. He has been Chairman for six years.
Mr Dan O'Connor, who joined the AIB Board in 2007, will succeed Mr Gleeson as Chairman and Mr David Pritchard, who joined the Board in 2007, has been appointed to the new post of Deputy Chairman. Mr Pritchard will take up his new role on 14 May.
Mr Eugene Sheehy, AIB Group Chief Executive, has also informed the Board of his intention to retire. A process will be put in place immediately to identify and appoint his successor in the coming months. Mr Sheehy will continue as Chief Executive until his successor is appointed.
Mr John O'Donnell, AIB Group Finance Director, has announced that he is to retire from the company in August this year.
The processto identify and appoint successors for both Mr Sheehy and Mr O'Donnell will consider both external and internal candidates for the positions.
As previously advised to shareholders, the above mentioned Directors will all seek re-election to the Board at the forthcoming AGM on 13 May.
AIB has consulted with the Minister for Finance and the Minister has conveyed his good wishes to the new Chairman and Deputy Chairman.
-ENDS-
For further information please contact:
|
Alan Kelly |
Catherine Burke |
|
General Manager, Group Finance |
Head of Corporate Relations |
|
AIB Group |
AIB Group |
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Dublin 4 |
Dublin 4 |
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Tel: +353-1-6600311 ext. 12162 |
Tel: +353-1-6600311 ext. 13894 |
Related Shares:
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