Anglo to name new chief shortly

Anglo Irish Bank is set to name its new chief executive in the coming days. The nationalised bank is also close to finalising plans for a major restructuring, which will result in at least 200 job losses among its 1,700 staff.

8th August, 2009

Anglo Irish Bank is set to name its new chief executive in the coming days. The nationalised bank is also close to finalising plans for a major restructuring, which will result in at least 200 job losses among its 1,700 staff.

Sources said that the process of selecting a new chief executive was ‘‘at a very advanced stage’’. The new appointment will not be drawn from Anglo’s existing executive ranks.

The...

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