AIB executive chairman quits
Dan O'Connor is to stand down as executive chairman of AIB with immediate effect.
Mr O'Connor joined the AIB board in 2007. He was appointed chairman in July 2009 and executive chairman in November 2009 at the request of the Government. The AIB board today thanked Mr O'Connor for his leadership and for agreeing to take on the roles of chairman and executive chairman through such a difficult period in the company's history.
Two new AIB board appointments were also announced. Jim O'Hara, former general manager of Intel Ireland and Catherine Woods, of JP Morgan Securities, have been appointed non- executive directors with immediate effect.