a9797i
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the
month of December 2022
RYANAIR HOLDINGS PLC
(Translation
of registrant's name into English)
c/o Ryanair Ltd Corporate Head Office
Dublin Airport
County Dublin Ireland
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file
annual
reports
under cover Form 20-F or Form 40-F.
Form
20-F..X
.. Form 40-F
Indicate
by check mark whether the registrant by furnishing the
information
contained
in this Form is also thereby furnishing the information to
the
Commission
pursuant to Rule 12g3-2(b) under the Securities
Exchange
Act of
1934.
Yes
No ..X..
If
"Yes" is marked, indicate below the file number assigned to the
registrant
in
connection with Rule 12g3-2(b): 82- ________
ANNE NOLAN TO JOIN BOARD OF RYANAIR HOLDINGS PLC
MICHAEL O'LEARY EXTENDS GROUP CEO CONTRACT TO
JULY 2028
Ryanair Holdings plc today (7 Dec.) announced the appointment of
Ms. Anne Nolan (former Chair of the Irish Aviation Authority - IAA)
to its Board as a NED. The Group also confirmed that
agreement has been reached with Group CEO, Michael O'Leary to
extend his contract from July 2024 to July 2028.
Anne Nolan - NED:
The Board today announced the appointment of Ms. Anne Nolan as a
non-executive director ("NED") with immediate effect. Ms.
Nolan is a former Chair of the IAA (from 2010 to 2018) and
previously served as Chief Executive of the Irish Pharmaceutical
Healthcare Association. She has also served on various Boards
incl. the Food Safety Authority of Ireland, the Irish Medicines
Board, the Executive Committee of the European Federation of
Pharmaceutical Industries and the Board of the Smurfit Graduate
School of Business.
Michael O'Leary - Group CEO:
The Board confirmed (following some months of discussions with
Michael O'Leary ("MOL") and extensive engagement with larger
shareholders) that they have today agreed a contract extension
which will see MOL remain as Group CEO until the end of July 2028
(previously July 2024). Under this extended contract the final
vesting date for share options granted in 2019 will be extended to
2028 (from 2024), subject to MOL remaining in employment with the
Group until July 2028 and delivering stretched performance targets
(incl. raised PAT targets of up to €2.2bn and/or a
share price of €21) which will considerably reward all
shareholders if these ambitious targets are delivered. If
these targets are not achieved then these share options will lapse
and MOL will receive nothing other than his basic salary. An
amended Remuneration Policy, reflecting these changes, will be
tabled at Ryanair's 2023 AGM.
Ryanair's Chairman Stan McCarthy said:
"I am pleased to welcome Anne Nolan to the Board as Ryanair's
newest NED. Anne brings considerable aviation, business and
regulatory experience to the role. We all look forward to
working with her over the coming years to achieve Ryanair's
ambitious growth and environmental goals.
The Board are also pleased that Michael O'Leary has agreed to
extend his leadership of the Ryanair Group to July 2028.
During this time Michael will oversee the Group's growth to 225m
passengers p.a. and, with Board support and oversight, develop the
Group's strategy to the end of the decade. This
contract extension, which involved extensive engagement with large
shareholders and proxy advisors, is subject to the adoption of an
amended Remuneration Policy which will be tabled at Ryanair's 2023
AGM."
ENDS
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For further information
please contact:
www.ryanair.com
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Peter Larkin
Ryanair Holdings plc
Tel: +353-1-9451212
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Piaras Kelly
Edelman
Tel: +353-1-6789333
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf
by the undersigned, hereunto duly authorized.
Date: 07
December, 2022
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By:___/s/
Juliusz Komorek____
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Juliusz
Komorek
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Company
Secretary
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