24th Jun 2005 16:11
Allied Irish Banks PLC24 June 2005 FOR IMMEDIATE RELEASE 24 JUNE 2005 Gary Kennedy to leave AIB Group Allied Irish Banks, p.l.c. ("AIB") (NYSE:AIB) announces that Mr Gary Kennedy isto leave his position as AIB Group Director, Finance & Enterprise Technology byDecember 2005. He will become special adviser to the Group on finance and risk. AIB Group Chairman Dermot Gleeson said:- "We are very grateful to Gary for the very substantial contribution he has madeto AIB over the past eight years both as an executive and a member of the AIBBoard. He spearheaded the acquisition of Bank Zachodni in Poland and, withMichael Buckley, led the transformation of our US business. He played a majorrole in the overall development of the business both through his leadership andhis strategic focus. He leaves at a time when the Group is performing very solidly and hiscontribution both to this and to the planning of our future strategy is muchappreciated. We wish him well in his future career." Gary Kennedy said:- "With a new CEO, a new organisational structure and the rescoping of my role andresponsibilities, now is the right time for me to seek fresh opportunities andchallenges." Deciding to leave a great company is never easy and the eight years I have spentin AIB have been filled with excitement and challenge. I have thoroughly enjoyedworking with colleagues in all our geographies and look forward to continuingmany of these relationships in my new role as special adviser on finance andrisk." An internal process has commenced to identify a suitable candidate for FinanceDirector. - Ends - For further information contact:Catherine Burke Alan KellyHead of Corporate Relations Head of Group Investor RelationsAIB Group AIB GroupBankcentre BankcentreDublin 4 Dublin 4Tel: +353-1-6600311 ext. 13894 Tel: +353-1-6600311 ext. 12162 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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