Allied Irish Banks (AIB) appoints Carolan Lennon and Brendan McDonagh to the Board as Non-Executive Directors

– IRELAND, Dublin – Allied Irish Banks, p.l.c. announces the appointment of Carolan Mary Lennon and Brendan Paul McDonagh as Non-Executive Directors with effect from 27 October 2016.

Carolan is Managing Director of Open Eir, Eir’s Networks and Wholesale Division. She has held a number of senior roles in Eir, including Acting Managing Director Consumer and Chief Commercial Officer, and, prior to joining Eir, held a number of senior roles in Vodafone Ireland. Carolan is a former Non-Executive Director of the DIT Foundation and Idiro Analytics Limited.  She is a Non-Executive Director of the Irish Management Institute and currently sits on the Council of Patrons for Special Olympics Ireland.

Brendan is the former Executive Chairman of the Bank of N.T. Butterfield & Son Limited, Hamilton, Bermuda, and a former CEO of HSBC North America Holdings Inc with responsibility for the Group’s banking and consumer finance operations in the US and Canada. He was also Group Managing Director for HSBC Holdings Inc and a member of the HSBC Group Management Board. Mr McDonagh started his banking career with HSBC in 1979 and worked in Asia, Middle East, Europe and North America. Brendan is an independent non-executive director of UK Asset Resolution Limited, where he is the Chairman of the Audit Committee and a Member of the Risk Committee, and is a former member of the board of Ireland’s National Treasury Management Agency.  He currently serves on the advisory board of the business school of Trinity College Dublin.

Commenting on the appointments, the Chairman, Richard Pym, said “the appointment of two high-calibre new directors with such diverse backgrounds and skillsets will be a great addition to an already highly committed and skilled Board.  On behalf of the Board, I would like to welcome Carolan and Brendan and wish them every success in their new roles.”

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