AIB Group PLC Directorate Change (2536F)
October 26 2018 - 1:00AM
UK Regulatory
TIDMAIBG
RNS Number : 2536F
AIB Group PLC
26 October 2018
AIB GROUP PLC
Directorate Change
Bernard Byrne has informed the Board of AIB Group plc of his
intention to step down as Chief Executive Officer ("CEO") and
Executive Director of AIB Group plc and Allied Irish Banks, p.l.c.
(together "AIB Group" or "AIB").
Bernard was appointed as CEO in May 2015, having previously held
a number of senior executive positions, including Chief Financial
Officer and Director of Personal, Business and Corporate Banking,
and was appointed to the Board of Allied Irish Banks, p.l.c. in
June 2011. He was appointed to the Board of AIB Group plc on its
establishment as the holding company of AIB Group in December
2017.
In response to Bernard's decision to step down, AIB Group
Chairman, Richard Pym, noted:
"It was a very grim day in my life when Bernard told me that he
had an external opportunity which he wanted to pursue. The fact
that it came so soon after the resignation of our CFO, Mark Bourke,
made it doubly difficult.
Bernard has been a great business partner to me and a good
friend. He has produced exceptional results from the bank - not
just financially and operationally, but has also dramatically
improved staff engagement and customer advocacy. He is liked and
admired by the entire AIB team who I am sure join with me in
wishing him well for the future. He is an exceptional chief
executive with a very wide set of business and personal skills.
Bernard will remain as CEO of AIB Group into 2019 and, in
parallel, the Board will be going through a process to appoint his
successor."
The announcement is made in accordance with Listing Rule 9.6.11
and contains inside information.
-ENDS-
For further information, please contact:
Sarah McLaughlin Stephen O'Shea Niamh Hore
Group Company Secretary Head of Media Relations Head of Investor Relations
AIB Bankcentre AIB Bankcentre AIB Bankcentre
Dublin Dublin Dublin
Tel: +353-1-6414489 Tel: +353-1-7720456 Tel: +353-1-6411817
email: email: email:
sarah.j.mclaughlin@aib.ie stephen.p.o'shea@aib.ie niamh.a.hore@aib.ie
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
BOAUVOKRWUARUAA
(END) Dow Jones Newswires
October 26, 2018 02:00 ET (06:00 GMT)
Aib (LSE:AIBG)
Historical Stock Chart
From Apr 2024 to May 2024
Aib (LSE:AIBG)
Historical Stock Chart
From May 2023 to May 2024