Ryanair CEO Michael O'Leary signs contract extension through 2032
Michael O'Leary will remain at the head of Ryanair until April 2032 under a new agreement. The deal includes significant share options for the executive.
Amalgamated from Daily Mail (opens in new tab), The Independent (opens in new tab)
Ryanair chief executive Michael O'Leary has entered into a contract extension that secures his position at the airline until April 2032. The agreement follows reports of an arrangement providing for several years of continued leadership for the company.
The terms of the deal include specific incentives for the 65-year-old executive. According to reporting from the Daily Mail, O'Leary will be granted share options valued at approximately £133 million in exchange for his continued presence at the firm until the specified date. The Independent reports that these provisions involve a single purchase option for 10 million shares.
Both news outlets confirm the arrangement ensures he remains in his role as chief executive for at least six years. This contract provides extended stability for the management of the airline through 2032.