Irish insurance company FBD Holdings has announced the appointment of Paul D’Alton as interim chief executive officer.
D’Alton succeeds Fiona Muldoon who informed the board on 24 October, 2019 of her intention to step down as group CEO and director in 2020.
D’Alton is a chartered accountant, with extensive experience in senior leadership roles in the general insurance and banking sectors having previously served as interim chief financial officer of FBD and chief financial officer of Bank of Ireland.
Chairman Liam Herlihy said: “I would like to extend the warmest gratitude to Fiona for her hard work and effective contribution to FBD over the last five years. She has been instrumental in the transformation and development that has taken place in FBD.
“Her relentless focus on the business and its customers has been remarkable. Shareholders and the community alike have benefitted from her tireless efforts. We wish her the very best for the future.”
He added: “I am also pleased to announce Paul’s appointment to the board and as interim chief executive officer. He is highly regarded in the investment community and as a former FBD colleague, he knows our business well.
“I look forward to his contribution to FBD and am confident in his ability to deliver for all stakeholders, given his substantial experience in financial services in Ireland. The Board continues to make progress towards its appointment of a permanent CEO.”