Wednesday 7 December 2016

The Punt: Mueller tipped to join Emirates

Published 29/06/2016 | 02:30

Christoph Mueller
Christoph Mueller

Former Aer Lingus chief executive Christoph Mueller is being tipped to join Emirates as its chief transformation officer.

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Reports in Germany suggest that Mr Muller, who is resigning as chief executive of Malaysia Airlines this September, will be in charge of Emirates' digital arm.

Emirates, which is headed by Tim Clark, is based in Dubai and is one of the world's largest airlines. Its routes include a service between Dublin and Dubai.

Mr Mueller (pictured below) announced in April that he was leaving his post in Malaysia Airlines after just over a year in the role.

He joined Malaysia Airlines from Aer Lingus in early 2015, and had a three-year contract with the Asian airline.

But he said "personal circumstances" would make it difficult for him to complete his full term.

He did not elaborate as to what those circumstances were.

Mr Mueller has been credited with helping to turn around Aer Lingus during his tenure there.

Aer Lingus is now owned by IAG.

Stockbroker on the move

After the biggest two day markets crash in history its fair to say insights are at a premium, so its no surprise to see movement in the stocks research area.

The Punt hears that John Cronin is leaving Investec for a new role at Goodbody Stockbrokers, just under a year and a half after joining the firm.

As head of financials research at Investec Cronin has led coverage of Irish banks, REITs, and financials. Before that he worked at the NTMA's banking unit, a team charged with extracting value for taxpayers from nationalised banks and State owned bank shares.

He'll join the financials team at Goodbody Stockbrokers working alongside Eamon Hughes, where the plan is to expand coverage of financial stocks.

Its understood that John Cronin is on three months of gardening leave, so won't be taking up his new role until September - mind you at the rate things are moving there may not be much left of the markets by then.

Back at Investec chief economist Philip O'Sullivan takes on a broader role as head of macro financial research in the wake of the departure. He'll report to head of institutional equities Leslie Williams, who's been with Investec for the past three years, having joined from the Irish Stock Exchange. Before joining the stock exchange she headed up institutional equities at Goodbody Stockbrokers. Its a small world after all, as somebody once said.

'Suit sale - CEO not included'

There's only over a day left to bid for Michael O'Leary's 'Remain' suit that he wore while campaigning in the UK's EU referendum.

The highest bid on Ebay as of yesterday was €135, and incredibly, the airline will also pay for postage and packaging.

The genuine polyester suit is a half-and-half affair, with the left side (appropriately), decorated in Union Jack flags, and EU flags on the right.

"One previous, slightly deranged, misguided Irish owner," says the Ebay blurb. "Only worn once. Clearly a key factor in the Referendum outcome. (Note: Politically inept CEO not included with suit". Payment, it says, will only be accepted in Euros.

O'Leary previously warned that Ryanair would scale back its investment in the UK if it voted to leave. Yesterday, he told the Wall Street Journal that that's still the case. Ryanair takes delivery of 50 jets next year and he said it's "highly unlikely" any of them would be placed in the UK.

Irish Independent

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