Ryanair's Michael Cawley to step down in March
RYANAIR'S deputy chief executive and chief operating officer Michael Cawley is to step down in March to pursue other opportunities.
Mr Cawley, who has been with Ryanair since 1997, will maintain his link with the company and he will join the board of Ryanair from next May.
The Cork-born accountant will also pursue a number of other non-executive board positions.
In a statement, Ryanair chief executive Michael O'Leary paid tribute to Mr Cawley.
''I am grateful to Michael for his enormous contribution to the successful growth and development of Ryanair over the past 17 years.
"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,'' he said.
Shares in Ryanair were up 1.46pc at €7.214 each this morning.