Burrows to step down as governor before AGM

BANK OF Ireland chairman Richard Burrows will quit as governor of the bank in advance of its AGM in July.

His resignation from the country’s second largest bank will leave Irish Life & Permanent (IL&P) chair Gillian Bowler as the last chairman standing in the major banks whose assets have been guaranteed by the state.

Challenged to resign by angry shareholders at the recent stormy extraordinary general meeting of the bank, Mr Burrows said he would step down before the AGM in July and put his name forward for re-election as chairman.