Directorate Change

Statement by Permanent TSB Group Holdings plc

Headline: Directorate Change

27 July 2018. Permanent TSB Group Holdings plc has announced that Stephen Groarke, the Group's Chief Risk Officer, will leave in the coming months to take up a senior Finance position in the Irish operation of an international bank. Mr Groarke, who is also an Executive Director of the Bank, will step down from the Board when he leaves the Bank.

Mr. Groarke joined Permanent TSB as Head of Group Finance in 2012 and was appointed as Chief Risk Officer in April 2016 (having acted in an interim position since September 2015). Mr. Groarke previously held senior positions in Bank of Ireland and Ulster Bank.

Speaking today, Permanent TSB CEO, Jeremy Masding, wished Stephen continued success in his career. He said; "Stephen has been instrumental in both driving new and enhanced internal control and risk management standards for Permanent TSB and in contributing more broadly to the transformation of the organisation. I want to thank him for his work with the Group and wish him every success in his future career."

The Group has initiated a recruitment and selection process in order to make both interim and permanent appointments to this position. 

Conor Ryan

Group Company Secretary.