Ryanair’s deputy chief steps down

Howard Millar

Ryanair’s deputy chief, Howard Millar, is to leave the company at the end of December — the second senior management figure to step down this year.

Mr Millar, who has been with the airline for 23 years and has served as chief financial officer for the past 11, is leaving to pursue other career opportunities. He will be joining the Ryanair board in a non-executive capacity next year.

Ryanair has already named Neil Sorahan, currently the airline’s finance director, as Mr Millar’s replacement. He is due to take over the CFO role at the beginning of 2015.

Speaking yesterday, Mr Millar said he has no plans in place for when he stands down, but will be looking for a senior executive role with his next employer. He added that he is open-minded on his options.

His announcement comes three months after the departure of former deputy CEO, Michael Cawley.

Rather than a cause for concern for investors, Mr Millar said the two moves have illustrated that Ryanair has strong succession plans in place for its senior management, pointing to the strength of senior appointments made earlier this year and to the fact that Mr Sorahan has effectively been his number two for the past six years and has been part of his finance team for the last 12 years.


Lifestyle

Katie Wright recaps all the top stories from the UK’s fashion capital.London Fashion Week: Everything you might have missed from the autumn/winter shows

The 31st Cork French Film Festival's opening night film Proxima was the French film nominee for Best Foreign Language Film Oscar.Full spectacle of French film at Cork French Film Festival

Tinfoil hats were the headwear of choice at Keith Barry's enjoyable show, writes Esther N McCarthyREVIEW: Keith Barry at the Everyman in Cork

Columnist and trained counsellor Fiona Caine advises a woman whose husband’s controlling behaviour is making her feel trapped.Ask a counsellor: Why has my husband become so jealous and possessive?

More From The Irish Examiner