Sep 20, 2018

Ryanair boss Michael O'Leary may leave within 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. Ryanair has had a troubled year marked with strike action by pilots, resulting in hundreds of flights being cancelled. Royal London Asset Management and the Local Authority Pension Fund Forum voted against Mr Bonderman, who has been Ryanair's chairman for 22 years. Aberdeen Standard Investments, which holds a 0.9% stake in Ryanair, said it had "Thought long and hard" before deciding to vote in favour of Mr Bonderman's re-election as well as the re-appointment of senior independent director Kyran McLaughlin, who has been on the board for 17 years.

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