Bank of Ireland is expected to announce today that Pat Molloy, a former chief executive at the bank, it be appointed as its new chairman, replacing the outgoing Richard Burrows when he steps down in July.
Mr Molloy will be appointed as one of the four Government directors representing the taxpayer as part of the recent €3.5 billion recapitalisation of the bank.
He is set to be named governor making him the first Government-appointed director to be appointed chairman of a bank covered by the State deposit guaranteed.
Mr Molloy served as BoI chief executive between 1991 and 1998, when he retired.
