Dáil debates

Wednesday, 18 November 2009

10:30 am

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)

I will answer the question. Regarding the arrangements put in place at Allied Irish Banks, with the agreement of the Minister for Finance, Mr. Dan O'Connor, currently non-executive chairman, is to take on the role of executive chairman on a temporary basis in order to oversee the bank's work on the completion of the key task of capital raising, the implementation of NAMA and the EU re-structuring plan. Mr. Colm Doherty, formerly the managing director of AIB capital markets has been appointed AIB group managing director and will take up his new role with immediate effect.

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