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Bank of Ireland CEO to step down

Richie Boucher will resign as Bank of Ireland CEO later in 2017, the company said March 24.

Boucher, who will also vacate his seat on the company's board of directors, will continue in his role until a new CEO has been appointed.

Likely successors to Boucher include Andrew Keating, the group's CFO, and Liam McLoughlin, the CEO of the company's retail unit in Ireland, Dublin's The Irish Times reported the same day.

Outside candidates reportedly include Bank of Cyprus Public Co. Ltd. CEO John Hourican and former Allied Irish Banks Plc CEO David Duffy.

Boucher has served as the bank's CEO since February 2009.