BOI announces executive reshuffle

Bank of Ireland has announced a number of changes to its Group Executive Committee to take effect from July 1.

Bank of Ireland has announced a number of changes to its Group Executive Committee to take effect from July 1.

John Collins, currently chief executive of the bank's retail businesses has been appointed Group Chief Development Officer.

Mr Collins will be responsible for "the stewardship and governance of subsidiary boards and affiliates, the co-ordination of all merger, acquisition and diversiture activity as well as the formulation of Group strategy", the bank said.

Des Crowley is appointed as Chief Executive Officer for Retail Financial Services Ireland.

This role brings together the current operations of Retail Businesses (including Bank of Ireland Life) and Retail Financial Services.

He will be responsible for generating further growth, pursuing further synergies and delivering a sustainable lower cost base.

Jeff Warren, currently Group Chief Development Officer, has announced his intention to retire from the Group on June 30, 2004.

In addition, Ronan Murphy, Group Chief Risk Officer and Michael Grealy, Head of Group Human Resources will join the Group Executive Committee.

Mike Soden, Group Chief Executive, Bank of Ireland said: “The changes announced today will add to the positive momentum in achieving our strategic goals based on the twin aims of growth and efficiency.

"They position us to respond positively to the changing market conditions in our domestic retail market."

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