REG - Permanent TSB Group - Directorate Changes

Permanent TSB groupAnnouncement

12/12/2023 16:30

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RNS Number : 5281W  Permanent TSB Group Holdings PLC  12 December 2023

Statement by Permanent TSB Group Holdings p.l.c. (PTSBGH)

 

Headline:  Directorate Changes

 

12 December 2023

 

The Chair of Permanent TSB Group Holdings plc (PTSBGH), Julie O'Neill, has
announced a number of changes to the Board of PTSBGH.

 

The Company's 2022 Annual Report set out that Andrew Power would retire from
the Board at the Company's AGM on the 19 May 2023 (completed) and Ken Slattery
would step down as a Director at the end of 2023.

 

PTSBGH confirms that Ken Slattery stepped down from the Board today (12
December 2023) and with effect from this date, the Board has appointed two new
independent non-executive directors, Catherine Moroney and Rick Gildea.

 

Catherine Moroney is an accomplished business leader who has spent a large
portion of her career at senior executive level in the Irish financial
services sector (AIB Bank). She brings extensive experience in business
banking to the Board as the Bank further develops its business banking
proposition. Catherine has also held a number of non-executive board positions
and committee chair/member roles including audit, risk and remuneration
committees where she has gained valuable skill and expertise in leading
customer-facing businesses with a focus on strategic planning, business
growth, innovation, transformation and sustainability programmes.

 

Rick Gildea's background in corporate banking (JP Morgan Chase) will bring
deep experience of client coverage and risk management together with capital
markets expertise to the Board. Rick spent a large portion of his career at
senior executive level in international banking roles in the US, UK and EMEA,
prior to pursuing a non-executive career.  Most recently, Rick was an
independent non-executive director at Alpha Bank (a domestic and international
bank listed on the Stock Exchange in Athens) where he chaired the remuneration
committee and was a member of the risk committee with a particular focus on
non-performing loan risk management.

 

Speaking today, Julie O'Neill acknowledged Mr Slattery's contribution to the
Board since his appointment in 2013 saying that "PTSB has benefited greatly
from Ken's experience, diligence and exceptional commitment over his tenure.
On behalf of the Board, I thank him sincerely for the many meaningful
contributions he has made to the Bank across a wide range of roles during his
tenure."

 

Welcoming Catherine and Rick to the Board, Julie commented "I am delighted to
announce the appointment of two highly experienced individuals to the Board.
Catherine and Rick bring a wealth of banking knowledge and experience which
will further strengthen the capabilities of the Board as we continue to
deliver our strategic priorities for sustainable growth. I look forward to
working with them in the years ahead."

 

 

Conor Ryan

Company Secretary

 

 

 

 

 

 

 

 

 

 

 

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