Cawley to step down at Ryanair
THE deputy chief executive of Ryanair, Michael Cawley, is to step down in March next year to pursue other opportunities.
Cork-native Mr Cawley, second-in-command of the carrier, has been with Ryanair since 1997 and will maintain his links with the company by joining the board as a non-executive director from next May.
The accountant will also pursue a number of other non-executive board positions, according to a statement.
Ryanair shares closed up 4.15pc to €7.41 yesterday.
Ryanair chief executive Michael O'Leary paid tribute to Mr Cawley, above.
"I am grateful to Michael for his enormous contribution to the successful growth and development of Ryanair over the past 17 years," he said.
"I am pleased that he has given us such a long notice period so that he can assist his successor over a substantive handover period."