TIDMBIRG
RNS Number : 8884P
Bank of Ireland Group PLC
15 October 2019
Bank of Ireland Group PLC and The Governor and Company of the
Bank of Ireland (together "the Group")
Board / Chief Financial Officer - appointment
Tuesday 15 October 2019
Further to the announcement on 25 June 2019, the Group announces
that Andrew Keating will step down from the role of Group Chief
Financial Officer and Executive Director on 18 October 2019.
The selection process to identify a permanent successor to
Andrew has concluded and the Group is pleased to announce Myles
O'Grady as Group Chief Financial Officer and Executive Director of
the Group, subject to regulatory approval.
Myles joined the Group in June 2019 as Director of Commercial
Partnering Ireland and was also appointed Group Non-Executive
Director at Bank of Ireland (UK) plc. He is a leading finance
professional with 30 years' experience, including senior roles
across retail, business and investment banking, with significant
international banking and financial services experience. Myles has
extensive local market knowledge from working with AIB Group, where
he was Group Director of Finance and Investor Relations and had a
lead role in the June 2017 IPO. In addition, Myles held senior
positions in international financial services organisations
including Citibank and Dresdner Kleinwort Benson.
Myles has significant expertise working with international and
domestic regulators, government and state authorities, investors,
market analysts and international investment banks. He is also
experienced across strategy development, business restructuring and
recovery, Finance function transformation, investor relations and
IPOs.
Bank of Ireland's Group Chief Executive, Francesca McDonagh,
said:
"I would like to congratulate Myles O'Grady on his appointment
as Group Chief Financial Officer and Executive Director at the Bank
of Ireland Group. Myles brings a wealth of experience to this
important role, as the Bank continues to deliver against its
strategic priorities to transform the Bank, serve customers
brilliantly, and grow sustainable profits."
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").
The Company confirms that there are no 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:
Bank of Ireland
Sarah McLaughlin, Group Secretary +353 (0)76624 8577
Darach O'Leary, Head of Group Investor Relations +353 (0)766 24
4224
Damien Garvey, Head of Group External Communications and Public
Affairs +353 (0)766 24 6716
Forward Looking Statement
This announcement contains forward-looking statements with
respect to certain of Bank of Ireland Group plc ('BOIG plc') and
its subsidiaries' (collectively the 'Group') plans and its current
goals and expectations relating to its future financial condition
and performance, the markets in which it operates and its future
capital requirements. These forward-looking statements often can be
identified by the fact that they do not relate only to historical
or current facts. Generally, but not always, words such as 'may,'
'could,' 'should,' 'will,' 'expect,' 'intend,' 'estimate,'
'anticipate,' 'assume,' 'believe,' 'plan,' 'seek,' 'continue,'
'target,' 'goal,' 'would,' or their negative variations or similar
expressions identify forward-looking statements, but their absence
does not mean that a statement is not forward-looking.
Examples of forward-looking statements include, among others:
statements regarding the Group's near term and longer term future
capital requirements and ratios, level of ownership by the Irish
Government, loan to deposit ratios, expected impairment losses, the
level of the Group's assets, the Group's financial position, future
income, business strategy, projected costs, margins, future payment
of dividends, the implementation of changes in respect of certain
of the Group's pension schemes, estimates of capital expenditures,
discussions with Irish, United Kingdom, European and other
regulators and plans and objectives for future operations. Such
forward-looking statements are inherently subject to risks and
uncertainties, and hence actual results may differ materially from
those expressed or implied by such forward-looking statements.
Nothing in this announcement should be considered to be a
forecast of future profitability, dividends or financial position
of the Group and none of the information in this announcement is or
is intended to be a profit forecast, dividend forecast or profit
estimate. Any forward-looking statement speaks only as at the date
it is made. The Group does not undertake to release publicly any
revision to these forward-looking statements to reflect events,
circumstances or unanticipated events occurring after the date
hereof
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END
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