TIDMIPM 
 
RNS Number : 0658U 
Irish Life & Permanent PLC 
17 June 2009 
 
 
 
 
 
Irish Life & Permanent plc announces appointment of Kevin Murphy as Group Chief 
Executive 
 
 
Wednesday 17th June 2009.  The Board of Irish Life & Permanent plc has announced 
the appointment of Kevin Murphy as Group Chief Executive. 
 
 
Murphy [57] has worked with Irish Life - the Group's life assurance business - 
since 1972. He was appointed to the Board of the Group in 1999 and since 
2005 has been responsible for the operation of the Group's life & pensions 
businesses [Irish Life Retail, Irish Life Corporate Business and Irish Life 
Investment Managers].  He served as Chief Executive of the Group's fund 
management business [Irish Life Investment Managers] between 1993 and 2005. 
Since February of this year he has managed the day-to-day operation of the Group 
alongside Chairman Gillian Bowler pending the conclusion of this selection 
process. 
 
 
Murphy is an actuary by profession. Earlier this week he was appointed as 
President of the Society of Actuaries of Ireland. He is also a Director of the 
Irish Stock Exchange. He is a former Chairman of the Irish Association of 
Investment Managers and a past President of the Irish Insurance Federation. 
 
 
Announcing the appointment today, Chairman Gillian Bowler said; "Kevin is one of 
the outstanding strategic thinkers in the financial services industry in 
Ireland. He knows this Group intimately and has played a critical role in 
managing it over the past 5 months. Like all financial services businesses at 
present, we face challenges in the months and years ahead and Kevin has the 
right blend of experience and skills to build on the progress we've already 
achieved and to lead us through this period." 
 
 
Bowler also indicated that the Group would be looking to recruit new 
non-Executive Directors and will continue the process of strengthening the 
management teams at the Group's Treasury and Banking businesses; "we will make 
sure that each of our businesses have all the resources they require to deal 
with current challenges and that at Board level we have the right combination of 
experience and freshness." 
 
 
Kevin Murphy said that he was honoured to be appointed to the role; "Our Group 
has some considerable advantages in dealing with the current situation - the 
strength of our life, banking & pensions businesses, the low risk nature of our 
operations and the fact that we didn't engage in any significant development 
lending to speak of in recent years. Our focus over the coming months will be on 
working with Government, Shareholders, Staff and Customers alike to manage the 
challenges in the business and the wider economy.  I look forward with great 
confidence and I have no doubt that we will be successful." 
 
 
Further Information: 
 
Ray Gordon 
Gordon MRM 
Ph: 01 6650452 
Ph: 087 2417373 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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