Business Irish

Wednesday 13 December 2017

The Punt: Gray to depart Aer Lingus for London firm

Danuta Grey non- executive chairman O2 Ireland.
Danuta Grey non- executive chairman O2 Ireland.

Due to depart from the board of Aer Lingus at the end of this year, former O2 Ireland boss Danuta Gray has lined up another board directorship, this time at London listed recruitment group Michael Page international.

Affable Briton Gray (pictured) was chief executive of O2 Ireland for almost a decade until 2010, one of the country's few top female company bosses, and she presided during Spanish giant Telefonica's takeover of the business.

Since leaving the telco job she's garnered a few non-executive gigs. At the start of this year she joined the board at Paddy Power and in March she became a non-executive director on the board of investment and banking firm, Old Mutual.

She continues to be an advisor at O2 parent Telefonica Europe and a non-executive director on its board, and to work as consultant for Telefonica Germany.

Gray is a past director of Irish Life & Permanent, having sat on its board for seven years until 2011.

On departing O2, Gray received a €2.2m payment as per her contract's "golden handcuff" goodbye terms.

Irish Independent

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