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McGovern to step down as EBS chief

EBS - Search for new CEO
EBS - Search for new CEO

The chief executive of EBS Building Society, Ted McGovern, is to step down at the end of the summer after seven years in the job.

A statement from the society said the search for a successor would start immediately.

His resignation comes following a turbulent period for the society, after details of boardroom rows became public ahead of the AGM in April.

Independent director Eithne Tinney narrowly failed to be re-elected at the meeting despite not having the support of the board.