Permanent TSB announces board member retirement

Published 28/02/2025, 12:34
Permanent TSB announces board member retirement

DUBLIN - Permanent TSB Group Holdings plc (PTSB), a provider of retail and SME banking in the Republic of Ireland, today announced the retirement of Mr. Ronan O’Neill from its board of directors. Mr. O’Neill will step down at the conclusion of his nine-year term on July 30, 2025.

Julie O’Neill, the chairperson of Permanent TSB, confirmed that the board is currently finalizing the selection of a new non-executive director who will also assume the role of chairing the board audit committee. This change comes as part of the company’s ongoing succession planning and board refreshment process.

During his tenure, which began in 2016, Mr. O’Neill has been recognized for his dedication and significant contributions to the bank. "PTSB has benefited greatly from Ronan’s experience, diligence and exceptional commitment over his tenure," Julie O’Neill stated. She expressed gratitude on behalf of the board for his diverse and meaningful contributions during his service.

The process of appointing a new board member is in its final stages, ensuring a smooth transition and continuity in the company’s strategic oversight. The forthcoming appointment will carry on the responsibilities of the audit committee chair, a pivotal role in the governance and financial integrity of the bank.

This announcement is based on a press release statement provided by Permanent TSB Group Holdings plc.

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