Irish Nationwide hopes for new chief within weeks, heated AGM hears

A NEW chief executive could be in place at Irish Nationwide Building Society (INBS) by the end of this month, the company said yesterday.

Speaking prior to the annual general meeting (AGM) at Dublin’s RDS, chairman and temporary chief executive, Danny Kitchen – who took over the day-to-day running of the company at the beginning of May, in the aftermath of former chief executive Michael Fingleton’s resignation – said he hoped by the end of this month either someone would be in place or the company will at least have offered the job to a candidate.

Mr Kitchen – who recently turned down the role himself – said “five or six” people have, to-date, been interviewed. All are external candidates and Irish. The salary cap of €360,000, he said, shouldn’t deter anyone. It “was not the main driver” in his own decision not to take the job.