Sheehy vows to stick to long-term plan

IN his first major statement about his plans for that AIB Group, new chief executive Eugene Sheehy said yesterday he had no intention of trying to reinvent the wheel.

Speaking after he announced very strong half-year results, Mr Sheehy - who had volunteered to go to the US to sort out the bank’s Allfirst subsidiary after the John Rusnak rogue trading affair - had little to say that was controversial.

“I think I understand what the organisation’s strengths and weaknesses are. I’m very proud of it; proud to be an employee and I’m proud of my colleagues and what they have done,” he said.