Bank of Ireland director Richard Goulding to retire in December

DUBLIN - Bank of Ireland Group PLC announced on Friday that Richard Goulding will retire as an Independent (LON:IOG) Non-Executive Director on December 31, 2025. Goulding, who has been a part of the Board since July 2017, has played a significant role in the company’s governance, serving on five of the six Board Committees, including as Chair of the Board’s Risk and Audit Committees.

Since January 2021, Goulding has also held the positions of Deputy Chair and Senior Independent Director. Additionally, following the Bank of Ireland’s acquisition of Davy in 2022, he was appointed as a Group nominee on the Board of Davy and Chair of its Remuneration Committee, roles from which he will also step down at the end of December 2025.

Michele Greene, who joined the Board in December 2019, is set to take over as Deputy Chair and Senior Independent Director on June 1, 2025. Greene’s appointment will coincide with her departure from the Transformation Oversight Committee and her induction into the Nomination & Governance Committee, where she will serve alongside Goulding.

The Bank of Ireland is also preparing for other committee membership changes that align with the Group’s succession plan, effective June 1, 2025. Ian Buchanan will leave the Risk Committee to join the Nomination & Governance Committee, Akshaya Bhargava will join the Remuneration Committee, and Margaret Sweeney will become a member of the Transformation Oversight Committee.

The Chairman of Bank of Ireland, Akshaya Bhargava, expressed gratitude for Goulding’s substantial contributions, highlighting his deep experience and rigorous approach to his duties as instrumental to the Board and the organization.

The search for Goulding’s successor as the Board’s Audit Committee Chair is in progress, with an announcement to be made following the conclusion of necessary approvals. The Board is also engaged in several succession activities to meet its succession plan and diversity targets, with further announcements expected upon completion of the approval processes.

This transition is in compliance with the Euronext (EPA:ENX) Dublin Listing Rules and the London Stock Exchange (LON:LSEG)’s Listing Rules, as per the formal announcement. The information provided is based on a press release statement from the Bank of Ireland Group PLC.

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