Leadership Transition at Bank of Ireland: Evelyn Bourke's Departure

Evelyn Bourke's Planned Retirement

Bank of Ireland Group PLC (ISE:BIRG) recently announced the upcoming retirement of Ms. Evelyn Bourke from her role as an Independent Non-Executive Director. This significant change will take effect at the end of the year, specifically December 31, 2024. Ms. Bourke has been an integral part of the Board since May 2018, contributing her expertise across various committees throughout her tenure.

Contributions to Board Committees

Throughout her time at Bank of Ireland, Ms. Bourke actively participated in several key committees, including the Audit, Risk, Remuneration, Nomination & Governance, and Sustainability Committees. She notably served as the chair of the Audit Committee from January 2021 until February 2024. Her leadership in this capacity has been particularly influential, underscoring her commitment to maintaining high standards of governance and accountability within the Bank.

Workforce Engagement Director Role

In addition to her committee responsibilities, Ms. Bourke also held the title of Workforce Engagement Director. In this role, she worked closely with the Group CEO, ensuring that the views and interests of Bank of Ireland employees were taken into account during Board discussions. This focus on employee engagement reflects a modern approach to corporate governance where diverse perspectives are valued.

Appreciation from Leadership

Mr. Patrick Kennedy, the Chairman of Bank of Ireland, has publicly expressed his appreciation for Ms. Bourke's years of service. He emphasized her dedication, depth of experience, and substantial contributions to the Group. Under her leadership, the Audit Committee made significant strides, and her proactive engagement with the workforce has enhanced the company's culture and governance.

Focus on Corporate Governance

This leadership transition comes at a time when Bank of Ireland is focusing on upholding best practices in corporate governance. The company's actions are fully compliant with the regulations of Euronext Dublin as well as the London Stock Exchange, where its shares are actively traded. Ms. Bourke's departure symbolizes a broader shift in the governance structure of the Bank, reflecting a commitment to evolving corporate leadership practices.

Conclusion on the Board's Future

As the Bank of Ireland anticipates Ms. Bourke's retirement, there is both a sense of gratitude for her contributions and a forward-looking perspective regarding the future composition of the Board. Change can bring new opportunities and fresh ideas that will continue to drive the Bank's success in an ever-evolving financial landscape.

Frequently Asked Questions

When will Evelyn Bourke retire from Bank of Ireland?

Evelyn Bourke is set to retire on December 31, 2024.

What roles did Evelyn Bourke hold during her tenure?

Ms. Bourke was involved in the Audit, Risk, Remuneration, Nomination & Governance, and Sustainability Committees and served as the Workforce Engagement Director.

How did the Bank of Ireland leadership respond to her retirement announcement?

Patrick Kennedy, the Chairman, expressed gratitude for Ms. Bourke's service and highlighted her significant contributions.

What is the significance of her departure?

This transition highlights ongoing changes within the governance structure and a commitment to corporate leadership best practices.

How does Bank of Ireland comply with regulatory requirements?

Bank of Ireland adheres to the regulations set by Euronext Dublin and the London Stock Exchange as part of their corporate governance practices.

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