TIDMBIRG
RNS Number : 2232E
Bank of Ireland Group PLC
02 July 2019
Bank of Ireland Group plc (the "Group")
Announcement of a number of changes at Group Executive Committee
('GEC') level
02 July 2019
-- Mark Spain, Chief Strategy Officer, appointed to GEC;
-- All IT systems transformation will be unified under Jackie Noakes, Chief Operating Officer;
-- All aspects of the retail customer relationship will be
delivered under Gavin Kelly, Chief Executive Officer, Retail
Ireland;
-- Group CEO Francesca McDonagh - "These changes support the
next phase of our Group transformation. Unifying all systems change
under Jackie Noakes and giving clear responsibility for the retail
customer relationship to Gavin Kelly simplifies our organisation
and enhances our focus."
Tuesday, 2 July - Consistent with Bank of Ireland's strategic
priorities to transform the Bank, serve customers brilliantly, and
grow sustainable profits, a number of changes to the Group
Executive Committee (GEC) have been announced.
New GEC Appointment
Mark Spain, Chief Strategy Officer, has been appointed to the
GEC reporting directly to Francesca McDonagh, Group CEO. This
appointment underpins the Group's collective focus on delivery
across all strategic priorities.
Unifying IT and Transformation Leadership
A key component of the Group's strategy is the transformation of
our IT systems to deliver better customer service and improved
efficiency. The underlying foundations of the new core banking
platform have been delivered and the first customers have been
tested on the system successfully. The focus of the next phase of
the systems transformation is on delivering customer improvements,
including the new mobile app.
As a consequence, all IT systems transformation - including the
Core Banking Systems Programme - will now be integrated into the
Group Technology and Customer Solutions Division under the
leadership of the current Chief Operating Officer Jackie Noakes.
Having successfully brought the core banking programme to this
point, Steve Collier will shortly complete his term with Bank of
Ireland and return home to Australia.
The Group is focussed on simplifying how it operates to improve
the customer experience and deliver its cost reduction targets. All
aspects of the retail customer relationship will now be delivered
within the Retail Ireland Division under CEO Gavin Kelly, ensuring
a streamlined approach to enhance customer service, avoid
duplication, and ensure clear accountability.
Francesca McDonagh, Group CEO of Bank of Ireland commented:
"These changes support the next phase of our Group
transformation. Unifying all IT systems change under Jackie Noakes
and giving clear responsibility for the retail customer
relationship to Gavin Kelly simplifies our organisation and
enhances our focus. I'd like to welcome Mark to the GEC, thank
Steve for his invaluable work in building the foundations of our
new core banking platform, and congratulate Jackie and Gavin on
their expanded roles."
Ends
For further information please contact:
Bank of Ireland
Andrew Keating, Group Chief Financial Officer +353 (0)766 23
5141
Darach O'Leary, Head of Group Investor Relations +353 (0)766 24
4224
Damien Garvey , Head of Group External Communications and Public
Affairs +353 (0)766 24 6716
Forward Looking Statement
This announcement contains forward-looking statements with
respect to certain of Bank of Ireland Group plc ('BOIG plc') and
its subsidiaries' (collectively the 'Group') plans and its current
goals and expectations relating to its future financial condition
and performance, the markets in which it operates and its future
capital requirements. These forward-looking statements often can be
identified by the fact that they do not relate only to historical
or current facts. Generally, but not always, words such as 'may,'
'could,' 'should,' 'will,' 'expect,' 'intend,' 'estimate,'
'anticipate,' 'assume,' 'believe,' 'plan,' 'seek,' 'continue,'
'target,' 'goal,' 'would,' or their negative variations or similar
expressions identify forward-looking statements, but their absence
does not mean that a statement is not forward-looking.
Examples of forward-looking statements include, among others:
statements regarding the Group's near term and longer term future
capital requirements and ratios, level of ownership by the Irish
Government, loan to deposit ratios, expected impairment losses, the
level of the Group's assets, the Group's financial position, future
income, business strategy, projected costs, margins, future payment
of dividends, the implementation of changes in respect of certain
of the Group's pension schemes, estimates of capital expenditures,
discussions with Irish, United Kingdom, European and other
regulators and plans and objectives for future operations. Such
forward-looking statements are inherently subject to risks and
uncertainties, and hence actual results may differ materially from
those expressed or implied by such forward-looking statements.
Nothing in this announcement should be considered to be a
forecast of future profitability, dividends or financial position
of the Group and none of the information in this announcement is or
is intended to be a profit forecast, dividend forecast or profit
estimate. Any forward-looking statement speaks only as at the date
it is made. The Group does not undertake to release publicly any
revision to these forward-looking statements to reflect events,
circumstances or unanticipated events occurring after the date
hereof.
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END
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