AIB Chairman David Hodgkinson has said a shortlist of people had been drawn up by all members of the board for the position of the new chief executive of the bank.
Speaking at the Joint Committee on Finance, Public Expenditure and Reform this afternoon Mr Hodgkinson said the the executive search has been underway for some months.
He said that the bank at looked at candidates on a global basis and had come up with 250 names. He said the names had been shortlisted and these people had been interviewed by all members of the board. They have also met the Financial Regulator and they are engaging with the Department of Finance.
He said the process had not been an easy one, but added that they had some good candidates.
The AIB Chairman said he can not be sure that in every case the CEO candidates would agree to abide by the salary levels set previously at €500,000.
But he said that they were confident that the salary would be within the Covered Institutions Remuneration Oversight Committee recommended salary range. Last February, this committee recommended the AIB chief executive salary should be capped at about €690,000.
www.rte.ie/news/2011/0914/banks-business.html
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