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Irish Residential Properties replaces outgoing chairman

Irish Residential Properties REIT Plc appointed senior independent director and deputy chairman Declan Moylan as chairman of the board, effective March 31.

Moylan succeeds Colm Ó Nualláin, who is stepping down as chairman and director.

Aidan O'Hogan will succeed Moylan as senior independent director, also effective March 31.

The company said in a release that its board plans to appoint a new independent nonexecutive director following Ó Nualláin's retirement, adding that its nomination committee has begun a selection process.

Meanwhile, the director appointments of Moylan, O'Hogan and Thomas Schwartz have been extended for an additional term of approximately three years, commencing April 1.