Irish financial institution Bank of Ireland appoints AIB's Carol Meehan to a key position within their retail division.
Bank of Ireland Appoints Carol Meehan as Head of Everyday Banking
Bank of Ireland has announced that Carol Meehan will take up the role of Director of Everyday Banking, effective from November. Meehan will be responsible for overseeing products such as current and deposit accounts, credit cards, retail digital banking, and more.
Meehan joins Bank of Ireland from AIB, where she served as a Commercial Director in the Homes unit, which includes mortgages. Prior to her time at AIB, Meehan worked at EBS between 2008 and 2012, a period during which AIB took over the former member-owned building society.
Susan Russell, Chief Executive of the Retail Ireland division of Bank of Ireland, expressed her excitement about Meehan's appointment. "Carol brings extensive experience and expertise to the role, and I am confident she will be a great addition to our senior leadership team," said Russell.
Meanwhile, Bank of Ireland has also announced that June Butler will return to the institution to become the head of Corporate and SME Banking. Butler left her €300,000-a-year role at the Strategic Banking Corporation of Ireland (SBCI) to rejoin Bank of Ireland.
The bank's full-time equivalent employees rose 2% on the year to 11,386 in June, primarily due to temporary seasonal staffing and insourcing of information technology (IT) work.
Elsewhere, AIB Homes has seen changes in leadership. Tom Kinsella, the managing director of AIB Homes, left the bank in July. Ray Alcock succeeded Kinsella, having joined the bank in 1996.
In other news, Bank of Ireland is planning to cut 260 jobs by the end of this year, with further redundancies in 2026. Departing staff are offered four weeks pay, capped at 2.5 times annual salary or €300,000, whichever is lower.
Myles O'Grady, the Group Chief Executive of Bank of Ireland, is leading these changes. "We are advancing plans to streamline our operations and improve efficiency," O'Grady said.
It is worth noting that the search results do not contain information about the name of the person appointed as the head of the everyday banking unit at Bank of Ireland in November. Additionally, this article does not provide information about the reasons for Tom Kinsella's departure from AIB Homes.
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