 He was appointed Chief Executive Officer of AIB's USA Division and six weeks later Executive Chairman-Designate of Allfirst Financial Inc in March 2002 when it was in melt-down following the activities of John Rusnak.Sheehy was appointed Chairman and CEO, Mid Atlantic Division, M&T Bank, and to the Executive Management Committee and Board of M&T in April 2003, following the merger of Allfirst and M&T.Appointed AIB Group Chief Executive-Designate in March 2005, co-opted to the Board on 12 May 2005 and assumed responsibility as Group Chief Executive with effect from 1 July 2005.