Directorate Change 15 Nov 2006
Islamic Bank of Britain Plc
ISLAMIC BANK OF BRITAIN PLC ("IBB" or "the Company")
15 November 2006
The board of IBB announces today the retirement of its Managing Director, Michael Hanlon, aged 62, to take effect from 31 December 2006.
The board has approved the appointment of interim joint general managers, Ashraf Piranie, the Company's Finance Director and Gerald Deegan, Commercial Director, pending the recruitment of a new Managing Director.
The directors wish to express their appreciation and gratitude to Michael Hanlon for his significant contribution to the establishment and expansion into the market of the UK's first Islamic bank.