TIDMIPM 
 
RNS Number : 3218N 
Irish Life & Permanent PLC 
13 February 2009 
 

 
 
 
 
Statement by Irish Life & Permanent plc. 
 
 
 
 
Friday 13th February 2009.  The Chief Executive of Irish Life & Permanent plc, 
Denis Casey, has informed the Board of the Company that he wishes to resign from 
Group. 
 
 
Denis has agreed to remain as Acting Group Chief Executive for a transition 
period to assist the Board and the Group which is beginning a process of 
identifying, recruiting and bedding in a suitable successor. 
 
 
In informing the Board of his decision, Denis thanked the Board for their 
support. However he said that having reflected on the situation with his wife 
and family overnight and again this morning, he had come to the decision that 
regardless of the Board's support, his continued involvement with the Group 
would only serve as a distraction from the Group's efforts to successfully 
navigate the difficult challenges of today's market. 
 
 
The Chairman of the Board, Gillian Bowler, said that she accepted the 
notification of resignation with the "utmost regret". She said; "Denis Casey is 
a man of the highest integrity and honour. I have always held him in the highest 
regard as a colleague and as a friend and I know that his decision today - as 
always - has been prompted by his dedication and loyalty to the company." 
 
 
The Chairman indicated that the Board would immediately proceed to seek a 
successor for Mr. Casey. In the meantime, the Chairman indicated that she would 
work closely with Denis and the Group's senior management team to support the 
Group's progress over the coming months and will chair the weekly Management 
Meeting. 
 
 
In addition she will chair a committee of non Executive Directors which is being 
established immediately to oversee a competition for the recruitment of a new 
Chief Executive. This committee will comprise Danuta Grey, Breffni Byrne, Liam 
O'Reilly, Margaret Hayes and Ray MacSharry. 
 
 
Issued by: 
Ray Gordon 
MKC Communications 
Ph: 087 2417373. 
 
 
Contact: 
Barry Walsh 
Head of Investor Relations 
Ph: 01 7042678 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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