Archie Kane is to step down as chairman of Bank of Ireland and as governor of the company before the end of the year, the lender confirmed yesterday.
Bank of Ireland said that Mr Kane, who has been in the role since 2012, would step down before the end of this year “as planned”. The date of the chairman’s departure would be announced “in due course”, the bank added in a short statement.
It said that a selection process was under way to appoint a replacement as part of the board’s succession planning.
Mr Kane’s departure comes after Richie Boucher stepped down as group chief executive and was replaced last October by Francesca McDonagh.
On Monday Ms McDonagh will reveal the bank’s first set of…