MR PHIL Flynn, the general secretary of the IMPACT trade union, is to be the new chairman of ICC Bank. The appointment by the Minister for Finance, Mr Quinn, of the prominent trade unionist is to be formally announced at today's annual general meeting of the state owned, bank, along with a number of other board appointments.
Mr Flynn replaces Mr Ted MacRedmond, whose term as chairman has been completed. He moves into the post at a time when uncertainty still hangs over the future of the bank, with the Government having examined a range of proposals for its future as part of its policy examination of the banking sector.
The Government parties have had severe difficulties agreeing on the future of ICC Bank and the ACC and no decision is thought to be imminent on their future.
Mr Flynn is a former president of the Irish Congress of Trade Unions and was a prominent figure in negotiating a succession of recent national agreements, including the current Programme for Competitiveness and Work. He will be joined on the board by Ms Anne Connolly, former director of the Well Woman Clinic, who has just completed a Newman Fellowship in University College, Dublin, where she under took research into the food industry.
The Government considered merging ICC and ACC into one organisation, possibly involving a link up with An Post. While this idea now appears to have been abandoned, the Government parties appear unable to decide on the future of the banks, leaving Mr Flynn in a key position.
