30th Jun 2014 09:14
LONDON (Alliance News) - Ryanair Holdings PLC said Monday that Howard Millar, the airline's Deputy CEO and chief financial officer, has decided to step down as a full time executive in December 2014.
Millar has been with the company for 23 year and steps down to "pursue other opportunities," said the airline. He joined as financial controller in April 1992, was promoted to finance director in 1993 and was later appointed CFO and Deputy CFO in January 2003.
Chairman David Bonderman has invited Millar to join the Board of Ryanair as a non-executive director in mid-2015, some six months after he steps down as a full-time executive; he has accepted this offer, said the company.
The airline has appointed Finance Director Neil Sorahan as CFO will effect from October 1, 2014. He will take over from Millar December 31, 2014.
Sorahan has been with Ryanair for almost 12 years after joining as treasurer in 2003 before being promoted to Finance Director in 2006.
Shares in Ryanair were trading marginally higher Monday morning, up 0.32% at 6.972 pence per share.
By Alice Attwood; [email protected]; @AliceAtAlliance
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