RYANAIR’S NUMBER TWO man is to step down at the end of this year to become a non-executive director at the airline.
Howard Millar is Ryanair’s CFO and deputy CEO but is to be replaced as CFO by current finance director Neil Sorahan.
Millar has been working at Ryanair since 1992 but does not appear to be retiring with Ryanair stating that he is leaving to “pursue other career opportunities”.
Michael O’Leary’s new deputy, Sorahan, first joined Ryanair as treasurer in 2003 having previously worked for Irish multinational construction supply firm CRH.
Sorahan’s appointment as CFO comes into effect from 1 October and he will take over duties from the beginning of 2015.
Following his decision to step down, Millar was offered a position on the board of Ryanair. He has accepted the offer and will join as a non-executive director in mid-2015.
CEO O’Leary has thanked Millar for his “enormous contribution”, saying that he will still be in a position to contribute to Ryanair’s goal of growing their passenger numbers from 85 million per year to over 110 million over the next 5 years.
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