Appointment of Chief Financial Officer

RNS Number : 0593X

Permanent TSB Group Holdings PLC

16 February 2017

 

PERMANENT TSB GROUP HOLDINGS PLC

Headline: Appointment of new Group Chief Financial Officer

Thursday 16^th February 2017:  Permanent TSB Group Holdings plc has confirmed the appointment of Eamonn Crowley as Group Chief Financial Officer (CFO).  Mr. Crowley will join the bank next month (March) and will be proposed for appointment to the Group Board at the Company's AGM on the 10th May.

Eamonn (47), is a fellow of the Chartered Association of Certified Accountants, a member of the Association of Corporate Treasurers and holds a MBA from University College Dublin.  Eamonn has over 25 years of experience in international business across financial services, banking and M&A. 

Eamonn joins Permanent TSB from Bank Zachodni WBK S.A. ("BZ WBK"), Banco Santander's publicly listed Polish retail and commercial bank, where he is currently Chief Financial Officer and a member of the Executive Committee. BZ WBK was formerly 70% owned by AIB.  Banco Santander acquired that AIB stake in 2010.  During his period as CFO, Eamonn executed the merger of BZ WBK with Kredyt Bank to form Poland's number three bank, placed over 20% of the bank on the Warsaw Stock Exchange through a Euro 1.2bln secondary IPO and led the acquisition of a controlling stake in Poland's number 1 Consumer Bank.

Speaking today, Jeremy Masding, Group Chief Executive of Permanent TSB Group welcomed Eamonn to the Group; "We are delighted to have attracted somebody of Eamonn's experience and quality to the Group and we look forward to working with him.  Having secured the future of the Group over the past 5 years our overriding focus is now on growing our market presence and ensuring our success as a key force for competition in the Irish market.  I know that Eamonn will play a crucial role in this exciting next phase for the Group."

Speaking on his appointment, Eamonn Crowley said he was excited to be joining the Group; "Jeremy and his team have done an exceptional job in rebuilding Permanent TSB after the financial crisis.  The bank has an outstanding heritage in the Irish banking market and I have every confidence that we will build a strong, competitive platform for the business in Ireland for the benefit of our customers and, ultimately, our owners."

Contact Information:

Investors: Rajesh Manirajan Head of Investor Relations [e-mail] [phone]

Media: Ray Gordon Gordon MRM [e-mail]     [phone]

 

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