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Michael O'Leary to stay on at Ryanair till he's 72 and reap a €150m bonus
— Ai Summary —
Ryanair group chief executive Michael O'Leary has lined up a substantial extension of his tenure, staying on as group chief executive until 2032. The board reached an agreement that will see him lead the budget carrier for six more years, with the celebration of his longevity underscored by a potential €150m bonus. He will be 72 when the new term ends, reflecting his long-standing role at the helm since 1994. The deal includes an additional 10 million Ryanair shares subject to achievement of targets tied to profits and the share price. Exercise prices are set at €26.70 per share, contingent on full-year post-tax profit exceeding €4bn or the share price sustaining above €42 for 28 consecutive days.
AI-generated summary • Source: Irish Independent • Read the full article for complete information.
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