Management ChangeJun 22, 2026, 06:11 AM
Ryanair CEO Michael O'Leary's Contract Extended to 2032
AI Summary
Ryanair Holdings PLC announced that its Board has agreed to extend CEO Michael O'Leary's contract until April 2032, following extensive discussions with him and major shareholders. The new contract includes a modest annual salary, a capped annual bonus, and a one-off purchase option for 10 million ordinary shares. These options are exercisable at €26.70/$65.00 and will vest if Ryanair's full-year PAT exceeds €4.0 billion or if the share price surpasses €42/$102 for 28 consecutive days by March 31, 2032.
Key Highlights
- CEO Michael O'Leary's contract extended until April 2032.
- New contract includes a modest annual salary and a capped annual bonus.
- MOL qualifies for a one-off purchase option over 10 million ordinary shares.
- Options exercisable at €26.70/$65.00, based on Feb 2026 market price.
- Vesting requires Ryanair's full-year PAT > €4.0bn OR share price > €42/$102 for 28 days.
- Targets must be met by March 31, 2032.
- Amended remuneration policy to be tabled for advisory vote at 2026 AGM.
Price Impact
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