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Ryanair boss poised for £130m+ bonus bonanza
20 Jun
Summary
- CEO Michael O'Leary extended his contract until 2032.
- A bonus scheme could potentially award him over €150m.
- The bonus is contingent on ambitious profit or share price targets.
Ryanair CEO Michael O'Leary has agreed to extend his contract with the airline group until April 2032. This decision follows discussions that commenced in spring, involving extensive engagement with major shareholders. The agreement is viewed as beneficial for all shareholders.
Under the terms of the extension, O'Leary has the option to purchase 10 million shares at €26.70 each. This option becomes available if annual profits reach €4 billion or if the share price remains above €42 for 28 consecutive days. Achieving these targets is expected to generate significant additional value for Ryanair's investors.
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