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10 May 2011 18:05
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The Governor and Company of the Bank of Ireland (The Bank of Ireland)
Annual General Court (AGC) 15 June 2011
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10 May 2011
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Bank of Ireland is making the following announcement in the context of its forthcoming AGC on 15th June 2011.
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Bank of Ireland is engaged in an ongoing programme of change including renewal at management and board level. In the interests of facilitating further board renewal and a reduction in the size of the Group board, the following non-executive directors Paul Haran, Dennis Holt and Heather Ann McSharry are not offering themselves for re-election and will retire from the Board at the conclusion of the AGC. Reflecting the smaller size of the Board and the balance between executive and non-executive directors, it is appropriate to reduce the complement of executive directors. Consequently, Denis Donovan and Des Crowley are not offering themselves for re-election to the Group Board. Both will continue to be core members of the Group Executive.
The Minister for Finance has asked each of the relevant financial institutions to provide a Board Renewal Plan and a Management Renewal Plan, and further changes in governance arrangements, including recruitment of new directors, may therefore arise in the coming months as part of a planned process of change.
The AGC of the Bank of Ireland Group will take place at 11.00am on 15th June 2011 in the O'Reilly Hall in UCD, Belfield, Dublin 4.
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Ends
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For further information, please contact: | ||
John O'Donovan | Group Chief Financial Officer | +353 (0) 76 623 4703 |
Dan Loughrey | Head of Group Communications | +353 (0) 76 623 4770 |
Helen Nolan | Group Secretary | +353 (0) 76 623 4710 |
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