Directorate Changes

RNS Number : 2359S

AIB Group PLC

08 March 2019

 

8 March 2019

AIB GROUP PLC

DIRECTORATE CHANGES

AIB Group plc (the "Company") announces that the regulatory fitness and probity assessment process and consultation with the Minister for Finance of Ireland in respect of the proposed appointment of Dr Colin Hunt as Chief Executive Officer ("CEO") has concluded successfully.   

Accordingly, Colin Hunt has been appointed CEO and Executive Director with immediate effect. He succeeds Mr Bernard Byrne who steps down from his executive duties and from the Board on 8 March 2019 and leaves the Company on 26 April 2019.

Commenting on the appointment, AIB's Chairman, Richard Pym said:

"The Board are delighted to appoint Colin as the new CEO of AIB. This appointment from within our senior team is testament to the calibre of people we have in AIB. I want to thank Bernard for his leadership and commend his many achievements during his time with the bank. I look to the future with confidence and optimism that under Colin's leadership AIB will continue to grow and prosper in the years to come."

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.  

As advised in December 2018, 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 relating to any of the aforementioned individuals.

-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: [phone]	Tel: [phone]	Tel: [phone]
email: [e-mail]	email: [e-mail]	email: stephen.p.o'[e-mail]

 

END

 

 

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