Michael McGrath (Cork South Central, Fianna Fail)
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Question 70: To ask the Minister for Finance if there are new management teams in place in Allied Irish Banks and Bank of Ireland; and if he will make a statement on the matter. [33703/11]

Michael Noonan (Limerick City, Fine Gael)
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The Executive Committee of AIB is currently comprised of the following individuals:

· David Hodgkinson, Executive Chairman

· Stephen Bell, Acting CRO

· Bernard Byrne, Director of Personal & Business Banking

· John Conway, Human Relations Director

· Keith Davies, Group Services & Transformation Director

· Marcel McCann, Operations & Technology Director

· Jerry McCrohan, Director of Corporate & Intuitional and Commercial Banking

· Gerry McGinn, Managing Director, First Trust Bank

· Fergus Murphy, Managing Director, EBS

· Ronan O'Neill, Managing Director, AIB UK

· Peter Spratt, Head of Non Core Unit

· Paul Stanley, Acting CFO

None of these individuals were members of the Executive Committee of AIB at the time of the bank guarantee in September 2008. In addition, the Board of Directors of the Bank has been entirely renewed since September 2008.

Bank of Ireland is engaging in an ongoing programme of change including board and management renewal.

The Executive Committee of BoI is currently comprised of the following individuals:

· Richie Boucher, Group Chief Executive

· Julie Sharp, Head of Group HR

· Des Crowley, Chief Executive Officer - Retail (Ireland & UK)

· Denis Donovan, Head of Non-Core Division

· Liam McLoughlin, Head of Group Manufacturing

· Vincent Mulvey, Chief Credit & Market Risk Officer

· Peter Morris, Chief Governance Risk Officer

· John O'Donovan, Group Chief Financial Officer

Significant management renewal at Group Executive level has already been undertaken with 50% of the team as at 1 January 2009 having left the Bank including the Group CEO, Chief Risk Officer, Head of Manufacturing and Head of HR.