AIB has announced a significant reshuffle of its top management team following a review.
Gary Kennedy, currently managing director of the eBusiness division and Enterprise Networks, is to also take over his old brief of Group Finance. He will also add a new brief of Group Risk.
This is a considerably extended role for Kennedy, who appeared to take a sideways step to eBusiness after the new chief executive Michael Buckley took over last June. Kennedy was also a contender for the top job.
Risk involves lending and saving, operational risks, and tighter international regulatory controls. An AIB spokesperson said tonight that it was 'a huge area with an input into everything, people, systems and management.'
Con O'Sullivan, who became the head of AIB Group Finance and Corporate Services in June, is to be Kennedy's deputy and, according to a statement, will take on additional responsibilities across the full scope of Kennedy's role.
But he will leave the new Executive Committee also announced tonight. The President and CEO of AIB's US subsidiary Allfirst, Susan Keating, joins the new Committee. Pat Ryan, currently Group Treasurer, is retiring, so he leaves the committee. The changes follow the completion of a six month review of the group conducted by Con O'Sullivan and Pat Ryan.
A decision is yet to be taken on whether the position of Group Treasurer will be filled.
