FBD Holdings announces Fiona Muldoon to the Board as Group Finance Director designate

– IRELAND, Dublin – FBD Holdings plc  is pleased to announce the appointment of Ms. Fiona Muldoon as an executive Director and member of its Board.  Ms. Muldoon will join FBD and the Board on 19 January 2015 as Group Finance Director designate and will take up the role of Group Finance Director following the announcement of the Group’s Preliminary Results for 2014, scheduled for 2 March 2015.  She will succeed Mr. Cathal O’Caoimh who has expressed a wish to retire.

Ms. Muldoon, a Chartered Accountant, was Director of Credit Institutions and Insurance Supervision at the Central Bank of Ireland from August 2011 to May 2014.  Prior to this she was with XL Group for seventeen years and held a number of senior roles with this NYSE listed Property & Casualty Insurance firm in Ireland, London and Bermuda, including two years as Group Treasurer until July 2010.

Mr. O’Caoimh will remain on the Board and will lead a number of strategic projects, including the implementation of a new policy administration system in the Group’s underwriting subsidiary, FBD Insurance plc.

Commenting on the changes announced, the Chairman, Mr. Michael Berkery, said: “Since joining FBD in October 2008, Cathal O’Caoimh has served the Group with distinction and has been a central contributor to its strategic and operational success.  He has agreed to postpone his retirement to facilitate a seamless transition of responsibility to his successor and to complete a number of strategic projects.  I want to record my deep appreciation to Cathal for his outstanding contribution to the Group and for his ongoing commitment and professionalism.

I am pleased to announce Fiona’s appointment to the Board and as a Group executive.  She is a dynamic individual with tremendous experience at a leadership level in the general insurance industry and I look forward to her contribution to the development of the Group.”

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