Dr Michael Somers has been appointed President of the Institute of Directors in Ireland.
A former chief executive of the National Treasury Management Agency, Dr Somers is chairman of Goodbody stockbrokers and deputy chairman of AlIB.
He takes up the position for a two-year term and succeeds Des Lamont after the completion of Mr Lamont's two-year term.
The Institute has a membership of over 2,600 directors and senior executives and focuses on best practice in corporate governance.
"The role of director is evolving at a faster pace than ever before. New regulations have come into force in recent years and more are coming in the near future. This means directors need to be well informed about the greater degree of responsibility and professionalism required of them," Dr Somers said.
He said the Institute of Directors in Ireland will play a crucial role in supporting directors during this time of change through its formal training programmes and informational events and publications.
