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AIB Group Plc — Board/Management Information 2018
Dec 14, 2018
1950_rns_2018-12-14_1e718244-9c29-48d9-ad80-f270844f2fec.html
Board/Management Information
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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 protected] |
email: [email protected] |
email: stephen.p.o'[email protected] |
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
END
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