Muldoon is given all-clear at FBD after an internal investigation
FBD boss Fiona Muldoon will remain as chief executive of the insurer after internal allegations against her were not upheld.
Ms Muldoon, who also sits on the board of Bank of Ireland, is one of the country's most prominent businesswomen.
Last June, FBD confirmed it had launched an internal investigation into allegations levelled at Ms Muldoon.
In a statement to the stock exchange at that time, the company described the inquiry as "ongoing" and Ms Muldoon remained in her role as CEO. Yesterday, the company issued a further statement to the stock market, stating that the allegations had not been upheld.
"Further to its announcement of June 29, the board of FBD Holdings plc today announces the conclusion of an independent investigation into internal allegations made against the chief executive," said the company.
"The allegations have not been upheld. The chief executive, Fiona Muldoon, and her management team will continue to develop the business of FBD for the benefit of customers, shareholders and staff with the full confidence and support of the chairman and the board."
The insurance firm did not comment any further beyond the stock market announcement.
FBD shares closed up just under 3pc yesterday, having pared larger gains from earlier in the day.