Thursday, 20 September 2018

Ryanair boss Michael O'Leary 'I'm not sure I want to run this company for another five years'

Ryanair boss Michael O'Leary has signalled that he may stand down in the next five years after admitting he is reluctant to sign a new long-term contract at the airline.

Mr O'Leary said the board wants him to commit to another five years after his current deal expires in 2019.

But the 57 year-old said: "I'm not sure Mrs O'Leary would be happy."

Instead he is discussing a two or three-year deal followed by a rolling 12-month contract.

Mr O'Leary, who has been chief executive for 24 years, said: "I'm not sure whether I want to sign up to another five years, that would take me up to 62."
He was answering questions at a fractious annual general meeting (AGM) in Dublin on Thursday where a third of shareholders voted against the re-election of Ryanair's chairman David Bonderman.

Ryanair has had a troubled year marked with strike action by pilots, resulting in hundreds of flights being cancelled.

BBC      News.

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