State’s AIB sell-off delayed as Byrne makes shock exit
Attention turns to finding a new chief, while bank executives blame pay cap for top-level departures
AIB is likely to remain in majority taxpayer control until 2020 at the earliest as it begins the hunt for yet another chief executive following the shock decision by Bernard Byrne to flee the bank to replace Ireland’s best-known corporate counsel Kyran McLaughlin at Davy.
Senior financial sources have told this newspaper that it will take 12 months after the appointment of Byrne’s successor before the state can even consider reducing its 71 ...
