Former attorney general Mr Dermot Gleeson will succeed Mr Lochlann Quinn as chairman of AIB with effect from October 14th, the bank confirmed today.
Mr Quinn will also retire as a director of the bank on that date.
Mr. Gleeson joined AIB's board in May 2000. He was appointed deputy chairman in October 2002 at which time he was named to succeed Mr Quinn as chairman.
Mr Quinn has served on the AIB board since 1995 and was chairman since His chairmanship covered a tumultous period in the bank's history, including the €100 million settlement with the Revenue for non-paying of DIRT and the Rusnak trading scandal that cost the bank $690 million.
Mr Michael Buckley, AIB's chief executive, paid tribute to Mr Quinn by saying "his intelligence, experience, acumen and resilience have served AIB's shareholders very well".