RE: Francesca26 Apr 2022 22:50
She got a very positive write up in The Independent
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Bank of Ireland today announced Francesca McDonagh is to step down as CEO and as a director of the bank.
She’s expected to leave in September 2022. A process to appoint her successor will now commence. Its understood she is taking up a new role elsewhere and pay, which is capped at all bailed out banks here is thought to be a factor in the move,
In her five year tenure the bank has been through significant change, including deals to buy Davy Stockbrokers and most of KBC Ireland as well the reduction of taxpayers’ stake in the lender.
Bank of Ireland Chairman, Patrick Kennedy, stated: “Francesca has been an exceptional chief executive of Bank of Ireland. Since taking up the position in 2017, she has driven – with ambition and commitment – a clear strategic focus on transformation, service improvement, and business growth. Along with agreeing two transformative acquisitions, she has delivered a more efficient, digitally-enabled, customer-focussed and profitable bank. All of this strongly enhances the Group’s long-term sustainability.”