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Ex-Irish envoy gets bank post

FORMER Ambassador of Ireland in the US and Mexico, Sean Donlon, has been nominated to the board of the European Bank for Reconstruction and Development (EBRD).

The retired civil servant has held a number of non-executive directorships but will sacrifice his civil service pension for the duration of his new appointment.

Finance Minister Michael Noonan said that upon ratification by the EBRD, Mr Donlon will replace Eoin Ryan, who has been the Irish representative on the board since February 2010.

"I would like to thank Mr Ryan for the work he has done since his appointment in February 2010," he said.

"Sean Donlon has extensive experience in the civil service and has also held a number of non-executive directorships.

"I have no doubt that he will bring a wealth of experience to his new appointment". Ireland is a founder member of the EBRD.

The bank was established in 1991 to help develop a new private sector in the countries of the former Soviet bloc.