AIB names Richard Pym as next chairman

by Richard Crump

More from this author

14 Jul 2014

  • Financial Director
  • Comments
richard-pym

THE CHAIRMAN of the Co-operative Bank is to become the next chairman of state-owned Allied Irish Banks, ahead of a potential reprivatisation in 2015.

Richard Pym, a former chief financial officer and ICAEW member, will be appointed to the AIB board as chairman designate with effect from 13 October 2014. Current chairman, David Hodgkinson, will retire from the board during December 2014.

Pym, who had already said he would step down from his role at the Co-op Bank, is a former finance director at Alliance & Leicester, where he later served as chief executive until 2007.

He is also chairman of UK Asset Resolution (UKAR), the ‘bad bank' that is winding down the loans of Northern Rock and Bradford & Bingley, and is the former chairman of BrightHouse Group, Halfords Group and a former non-executive director of British Land, Old Mutual and Selfridges.

Pym said: "I am delighted to accept the invitation to be the next chairman of AIB and I look forward to contributing to the progress that has already been made in re-building a strong bank. Irish taxpayers have made considerable sacrifices in supporting the banking system and I am very conscious of my responsibilities in that regard."

Visitor comments

blog comments powered by Disqus
display:none

Add your comment

We won't publish your address


By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

Submit
charity-commission


Charity Commission Board Member
Charity Commission, Kent/Berkshire/Surrey/Hertfordshire
/London(Greater),12-18 Days per Year/£350 per Day

 
 
 
 
 
 
 
 

 

Newsletters

Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials

Careers

Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you

Briefings

budget-management

Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.

cchcover

iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.