In a significant reshuffle of its top management, Allied Irish Banks (AIB) has appointed Geraldine Casey as Managing Director of Retail Banking, David McCormack as Chief People Officer, and Graham Fagan as Chief Technology Officer. The new appointees will join the Executive Committee immediately, announced the bank on Wednesday.
Casey, who spent 19 years at Tesco (OTC:TSCDY) Ireland, is succeeding Jim O’Keeffe in managing AIB's retail banking division. She will be responsible for €34.7 billion ($39.4 billion) in loans and €79.4 billion ($90.2 billion) in deposits across 170 branches, leading a workforce of 4,000 employees.
McCormack, bringing over two decades of HR experience from roles such as Deputy Chief People Officer at AIB and Head of HR in AIB UK, will replace Casey as the Chief People Officer. His previous contributions include significant programs within the bank.
Fagan, with 25 years of experience across banking and multinational organizations, steps into the role of Chief Technology Officer. He previously held multiple senior roles at AIB, most recently as Director of Technology Transformation. Fagan will be responsible for leading large-scale teams for technology management.
The reshuffle comes amid a sell-down program reducing the State’s stake in AIB from 71% to under 46%. Notably, all revenue-generating divisions of the bank are now women-led: Casey (retail banking), Cathy Bryce (capital markets), and Hilary Gormley (AIB UK).
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