AIB announces Bernard Byrne appointed CEO with immediate effect
Bernard Byrne, AIB’s head of retail and business banking, has officially been appointed as the CEO of the State-owned bank.
Mr Byrne will take over from current AIB chief executive David Duffy, whose resignation was announced earlier in the year, with immediate effect.
The former ESB finance director joined AIB as Group Chief Financial Officer in 2010. Since 2011, he has held a number of roles, successfully leading the retail, business and corporate segments. He took up his current role as Director of Retail & Business Banking earlier this year.
Bernard Byrne has long been tipped as the favourite to take the top job at the bank, which will involve leading the re-privatisation of AIB over the coming years.
Commenting on Mr Byrne's appointment, AIB's Chairman, Richard Pym said: "Having been one of the leading architects of AIB's customer-led strategy over the last number of years, Bernard is very well positioned to ensure that the momentum created by David Duffy and the Senior Management Team is maintained."
He added: "I want to sincerely thank David for his significant contribution to AIB over the last number of years and for ensuring the CEO succession process has proceeded smoothly.”
In a statement the bank said that Mr Byrne's remuneration package will be “fully in line with Government requirements”.