Bank of Ireland governor may resign

DUBLIN (Reuters) - Bank of Ireland <BKIR.I> Governor Richard Burrows will announce his intention to resign from the board within weeks, the Sunday Times reported.

A Bank of Ireland spokeswoman declined to comment.

The Sunday Times said the bank would announce Burrows's departure before its annual shareholders' meeting in July as part of a wider board shake-up.

Bank of Ireland, in which the government holds 25 percent voting rights after a 3.5 billion euro (3.1 billion pound) capital injection, will announce its results for the year to the end of March on Tuesday.

The Sunday Times said the bank was expected to write off 1.4 billion euros in bad debts, wiping out its entire profits.

Burrows's departure would leave Irish Life & Permanent <IPM.I> Chairman Gillian Bowler as the only chair or chief executive to survive the upheaval at Ireland's top listed financial institutions.

In February Bank of Ireland appointed Richie Boucher, the former head of its Irish retail division as group chief executive after the resignation of Brian Goggin.

(Reporting by Andras Gergely, editing by Will Waterman)

Article Published: 17/05/2009