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AIB Group chairman to step down

Richard Pym intends to step down as nonexecutive chairman of AIB Group PLC and unit Allied Irish Banks PLC following the release of the group's annual results in March 2020.

Pym was named chairman of the group in December 2014. The group said it will make an announcement on Pym's successor in due course.

The Daily Telegraph recently reported that Pym could be among candidates to succeed Vernon Hill as chairman of Metro Bank PLC, which is said to be under pressure to appoint an industry veteran as its next chairman.

Meanwhile, AIB Group appointed board member Brendan McDonagh deputy chair, effective immediately.