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IL&P Group Holdings (283)

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Wednesday 15 December, 2010

IL&P Group Holdings

Directorate Change

RNS Number : 0205Y
Irish Life & Permanent Grp HldgsPLC
15 December 2010


Statement by Irish Life & Permanent Group Holdings plc.



01.30pm Wednesday 15th December 2010.   Gillian Bowler has today announced her intention to retire as a director and Chairman of Irish Life & Permanent Group Holdings plc following the appointment of a successor in the New Year.  Ms. Bowler informed the Board of her decision at a meeting on Tuesday 14th December.


Ms. Bowler has been Chairman of the Group since 2004. 


Speaking today, Ms. Bowler said that she believed that it was now a good time to bring a fresh perspective to the role of Chairman.  She thanked staff across the Group, the Executive team and her colleagues on the Board for their support over the past six years as Chairman.  She also acknowledged the support of the Minister and the Department of Finance and the Financial Regulator and his office.



Group Chief Executive, Kevin Murphy, paid tribute to Ms. Bowler; "Gillian's contribution has been enormous.   She has played a very important role in helping the Group to navigate the crisis of recent years and I don't think any Chairman of an Irish financial institution enjoyed a better relationship with their small shareholders.  They appreciated her for her plain speaking and accessibility and she always respected them as the key to the Group's ongoing success."



The Board has commenced a process to identify a successor as Chairman as early as possible in 2011.



Issued by:

Ray Gordon

Gordon MRM

Ph: 01 6650452

Ph: 087 2417373


This information is provided by RNS
The company news service from the London Stock Exchange

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