Newcastle-headquartered REIT Grainger plc, the UK’s largest listed residential landlord, announced that former Bank of Ireland director and FBD Holdings CEO Fiona Muldoon has been appointed to the Grainger board as a non-executive director with effect from April 15, 2026.
Muldoon will succeed Justin Read as Grainger’s senior independent director and as chair of the Audit & Risk Committee when he retires from the board after nine years on June 18, 2026.
Muldoon will also join the Grainger’s Remuneration, Nominations and Responsible Business Committees.
“Fiona is a Chartered Accountant and a Fellow of the Institute of Chartered Accountants in Ireland,” said Grainger. “She has significant FTSE Board and C-Suite experience including in capital markets, risk, governance and sustainability.
“Fiona is currently on the Board of Beazley plc, the specialist insurance business, where she is the Risk Committee Chair, a member of the Audit Committee and Employee voice on the Board. She is also on the Board of Admiral Group plc, the international financial services group where she chairs the Audit Committee and is a member of the Risk Committee.
“Previously, Fiona was the CEO of FBD Holdings plc, a listed general insurer in Ireland (2015 to 2020) and a Director of Credit Institutions and Insurance Supervision at the Central Bank of Ireland, the Irish regulator.
“Her previous roles include 17 years with XL Group, and as a Non-Executive Director at the Bank of Ireland, where she served on all committees during her tenure and was chair of the Sustainability Committee.”
Grainger CEO Simon Fraser said: “We are very pleased to welcome Fiona Muldoon to the Board as Chair of our Audit & Risk Committee and Senior Independent Director, bringing a significant amount of experience and expertise in finance and consumer facing financial services.
“We’d like to extend our sincere thanks to Justin Read for his unwavering commitment and support to the business over his tenure on the Board, as Chair of Audit & Risk Committee and as Senior Independent Director, over which time we have seen tremendous growth and transformation.”
Muldoon said: “I am delighted to join Grainger’s Board and I look forward to taking on the roles of Senior Independent Director and Chair of the Audit & Risk Committee. Grainger is a brilliant business with strong future prospects to deliver value for shareholders and renters alike. I look forward to working with my fellow Board members as well as the wider executive team.”