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About the Department
Resignation of the non-executive Directors of Anglo Irish Bank
The Minister for Finance notes the resignation of all of the non-executive Directors of Anglo Irish Bank other than the Chairman and those appointed under the Bank Guarantee Scheme.
The Minister intends that the recently appointed Chairman of the Board, Mr Donal O’Connor, will stay on as Chairman. Mr Frank Daly and Mr Alan Dukes, who were recently appointed to the Board under the Bank Guarantee Scheme, have not resigned and will also continue in their positions.
The Minister announces that, after consultation with the Chairman, he has asked Mr Maurice Keane to join the Board of Anglo Irish Bank as a non-executive Director after the Bank is taken into public ownership. Mr Keane is a former Chief Executive of the Bank of Ireland and a former member of the Court of Directors of the Bank of Ireland.
Further announcements on appointments to other positions in Anglo Irish Bank will be made later.
The day to day business of the Bank will continue as normal.
19 January, 2009
ENDS
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