Russell will also become a member of the bank’s executive committee
Bank of Ireland has named Susan Russell as chief executive of its Irish retail unit, formally appointing her to a role that she had effectively been carrying out on an acting basis since last September.
Ms Russell, who has been with Bank of Ireland since 2000, has, as a result of the promotion, become the fourth woman member of the lender’s 12-person executive committee. A spokesman for the bank said the process to find a new CEO of its UK unit was ongoing. The current incumbent, Ian McLaughlin, handed in his notice in January and is preparing to take over later this year as head of London-listed sub-prime lender Vanquis Banking Group, which was known as Provident Financial before a rebrand in March.
Meanwhile, Bank of Ireland’s director of business banking John O’Beirne, who had been widely tipped internally as a future member of the group executive committee, handed in his notice last week. The spokesman confirmed his planned departure to The Irish Times, adding that Mr O’Beirne will be taking up an “opportunity in the wider financial services sector”.
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