Ryanair Holdings is extending Chief Executive Michael O'Leary's contract until 2032, potentially keeping one of Europe's most outspoken airline bosses in place for another long run. The new agreement includes a modest annual salary and capped annual bonus, while also giving O'Leary a one-time purchase option for more than 10 million ordinary shares. Those options could become exercisable if O'Leary stays with Ryanair until April 2032, with a strike price of 26.70, and the award depends on very ambitious targets tied to the company's share price and operating performance. O'Leary, now 65, has been CEO since 1994 and helped turn Ryanair into Europe's largest discount carrier. Ryanair shares fell as much as 1.5% in Dublin, bringing the stock's year-to-date decline to about 13%.
Ryanair Holdings plcCEO contract extension with share option plan, but market reaction negative; impact mixed
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