AIB Group PLC Directorate Change (5913K)
December 14 2018 - 11:08AM
UK Regulatory
TIDMAIBG
RNS Number : 5913K
AIB Group PLC
14 December 2018
14 December 2018
AIB GROUP PLC
DIRECTORATE CHANGE
AIB Group plc (the "Company") announces that it has concluded
the selection process for Chief Executive Officer ("CEO") and
Executive Director, and Dr. Colin Hunt is proposed as the
successful candidate. We have commenced the required regulatory
fitness and probity assessment process and consultation with the
Minister for Finance in Ireland in respect of the proposed
appointment.
Subject to the satisfactory conclusion of the aforementioned
processes, Colin Hunt would succeed Bernard Byrne who steps down
early next year, as announced on 26 October 2018. An announcement
regarding the effective date of the appointment will be made in due
course.
Colin joined AIB Group in 2016 as Managing Director, Wholesale
and Institutional Banking. He previously held a number of senior
positions in Macquarie Capital, Goodbody Stockbrokers, Bank of
Ireland and NatWest, as well as spending time as special advisor to
former Ministers for Finance and Transport.
Richard Pym, Chairman of the Company, said: "I am delighted to
announce that the Board has identified Colin Hunt as the successful
candidate for the role of our new Chief Executive Officer. The
Board has now commenced the required regulatory fitness and probity
assessment process and will consult with the Minster for
Finance.
Colin is an outstanding executive whom I am looking forward to
working with even closer in the future. We had a number of
excellent candidates to choose from and we are delighted that the
next proposed leader of AIB has emerged from within our own ranks.
This proposed appointment also ensures continuity of the current
successful strategy for the Bank".
The announcement is made in accordance with Rule 6.6.5 of
Euronext Dublin's Listing Rules and Rule 9.6.11 of the London Stock
Exchange's Listing Rules and contains inside information as defined
in Article 7 of the Market Abuse Regulation No. 596/2014
("MAR").
Colin is a former Non-Executive Director of Aer Lingus Group
Designated Activity Company, formerly Aer Lingus Group Public
Limited Company, which he stood down from on 29 January 2014. The
Company confirms that there are no other matters requiring
disclosure under Rule 6.6.7 of Euronext Dublin's Listing Rules/Rule
9.6.13 of the London Stock Exchange's Listing Rules.
-ENDS-
For further information, please contact:
Sarah McLaughlin Niamh Hore Stephen O'Shea
Group Company Secretary Head of Investor Relations Head of Media Relations
AIB Bankcentre AIB Bankcentre AIB Bankcentre
Dublin Dublin Dublin
Tel: +353-1-6414489 Tel: +353-1-6411817 Tel: +353-1-7720456
email: email: email: stephen.p.o'shea@aib.ie
sarah.j.mclaughlin@aib.ie niamh.a.hore@aib.ie
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END
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