Ryanair Extends Michael O'Leary’s Tenure as CEO Until April 2032
Ryanair has extended Michael O'Leary’s tenure as chief executive until April 2032, following months of discussion with the group’s largest shareholders. His contract includes a share purchase option over 10 million shares with a strike price of €26.70, equal to the prevailing market share price before the war in Iran.
Ryanair has extended Michael O'Leary’s tenure as chief executive until April 2032. The extension followed months of discussion and extensive engagement with the group’s largest shareholders. Michael O'Leary’s contract includes a share purchase option over 10 million shares, with a strike price of €26.70, which equals the prevailing market share price before the war in Iran. According to lse.co.uk, the share purchase option is conditional on Ryanair's full year profit after tax growing to more than €4bn or on the share price exceeding €42 or $102 for 28 consecutive days. According to lse.co.uk, Michael O'Leary’s new contract includes a salary and bonus with limits. According to lse.co.uk, Chairman Stan McCarthy stated that the board commenced discussions with Michael O'Leary on his contract in the Spring.
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