herald

Sunday 22 October 2017

Pym will be new chairman of AIB

banking

Allied Irish Banks has announced a new chairman to replace David Hodgkinson.

Richard Pym (64) will be appointed to the board as a non-executive director and chairman-designate from October 13, with Mr Hodgkinson due to retire from the board in December.

Mr Pym (pictured) is a chartered accountant and the current chairman of the Co-operative Bank, Nordax Finans and UK Asset Resolution Limited. He is also a former group chief executive of Alliance & Leicester. He will be standing down as Co-operative chairman later in the year.

Finance Minister Michael Noonan, who paid tribute to Mr Hodgkinson, said Mr Pym has a wealth of experience in the UK banking sector and expressed confidence that he would be a strong chairman of AIB.

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