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Maverick Ryanair boss O'Leary plans to step down in two years
[February 14, 2007]

Maverick Ryanair boss O'Leary plans to step down in two years


(Evening Standard (London) (KRT) Via Thomson Dialog NewsEdge) Feb. 13--Outspoken Ryanair boss Michael O'Leary is heading for the departure lounge. O'Leary, 45, says he will quit Europe's largest budget airline within two years because it no longer needs his maverick leadership, and he would rather spend time with his family. "You can't be my sort of Robin Hood jumped-up Paddy running around shouting at governments," O'Leary told Irish radio. "I'll be gone partly because Ryanair will have to change." The airline yesterday joined the Nasdaq 100 index of leading US-quoted companies with a market capitalisation of more than 6 billion. O'Leary has previously signalled his desire to stand down after a dozen years at the helm. Ryanair has already been succession planning, installing two deputy chief executives -- Michael Cawley and Howard Millar.

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