AIB management shake-up continues

Ian Guider

Declan McSweeney, the bank's chief financial officer has announced his retirement.

Mr McSweeney, who has been with the bank for 27 years, says he will leave in September to pursue other business interests.

Mr McSweeney's departure follows that of the group chief executive, finance director and head of the British side of the bank.

Michael Buckley has been replaced as chief executive by Eugene Sheehy and the bank has lined up replacements for finance director Gary Kennedy and AIB UK boss Aidan McKeon.

AIB did not say if the search for Mr McSweeney's replacement had begun.

Mr Sheehy said yesterday that Mr McSweeney would remain on as a board and audit committee member of AIB's Polish Banking business. He will also provide Mr McSweeney, who has been with the bank for 27 years, says he will leave in September to pursue other business interests.

Mr McSweeney's departure follows that of the group chief executive, finance director and head of the British side of the bank.

Michael Buckley has been replaced as chief executive by Eugene Sheehy and the bank has lined up replacements for finance director Gary Kennedy and AIB UK boss Aidan McKeon.

AIB did not say if the search for Mr McSweeney's replacement had begun.

Mr Sheehy said yesterday that Mr McSweeney would remain on as a board and audit committee member of AIB's Polish Banking business. He and will also provide.

"He will be very much missed, and on behalf of myself and all of his colleagues, I would like to wish him the very best for the future."

Gary Doherty, the head of AIB Capital Market, and Donal Forde managing director of the Irish retail banking division who form the other members of the executive management team remains in place.

Over the past year all of the main banks in Ireland have seen changes at the top.

Shares in AIB closed down 6 cents at 17.66.