Ryanair's O'Leary says reluctant to commit to 5 more years as CEO
DUBLIN, Sept 20 (Reuters) - Ryanair CEO Michael O'Leary said
on Thursday he did not want to commit to a new five-year
contract as chief executive due to his age and would rather move
to a rolling 12-month contract at some point.
O'Leary, 57, has been the dominant force at Europe's largest
low-cost carrier since he took over as chief executive in 1994
and his current contract is due to expire in September 2019.
O'Leary said the board of directors is keen for him to sign
up to another five-year term to demonstrate continuity, but no
agreement had yet been reached,
"I'm not sure whether I want to sign up to another five
years, that would take me up to 62. I'm not sure Mrs. O'Leary
would be happy," he told journalists at a briefing after the
company's annual general meeting.
Instead, he said he was in discussion with the board about a
possible two or three-year contract with a 12-month rolling
contract to follow.
(Reporting by Conor Humphries; editing by Jason Neely and
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