Hibernian's chief executive, Mr Adrian Daly, is to retire in October. Mr Pat McGorrian, who is managing director of Hibernian Investment Managers, will replace Mr Daly as chief executive, the company said yesterday. Mr Daly (55) is retiring to develop his private business interests. He has been chief executive since 1995 having joined the group as managing director of Hibernian Life in 1992. Hibernian chairman, Mr Jim Culliton, paid tribute to the contribution Mr Daly had made during his seven years with the group.