Kenny Jacobs to voluntarily step down as chief executive of DAA after settling High Court action

Court told the case had settled on mutually agreeable terms and could be struck out

Kenny Jacobs initiated the action against Daa after he was suspended by the company in December, pending a new investigation into allegations made against him.

The Minister for Transport said DAA has settled its case with its outgoing Chief Executive, Kenny Jacobs, for "considerably less" than the €1m exit package previously reported.

Mr Jacobs will “voluntarily step down” as chief executive of DAA after he settled a lawsuit brought against the State airport operator, the High Court heard yesterday.