Ryanair shareholder reignites calls to replace chairman
A significant shareholder in Ryanair has demanded that the carrier replace its chairman, reigniting a row the company hoped had been put to bed just over a month ago. The Local Authority Pension Fund Forum, whose members own about 1% of Ryanair, said it would file resolutions at Ryanair’s next annual meeting in September 2019, asking the airline to replace chairman David Bonderman and explain how it is planning for CE Michael O’Leary’s succession. At the most recent annual meeting in September, almost 30% of shareholders — including LAPFF’s members — voted against the re-election of Bonderman, who has been in post for 22 years and who co-founded private equity business TPG. O’Leary has been CE since 1994. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-10-29/unaligned/ryanair-shareholder-reignites-calls-to-replace-chairman
https://portal.staralliance.com/cms/logo.png
Ryanair shareholder reignites calls to replace chairman
A significant shareholder in Ryanair has demanded that the carrier replace its chairman, reigniting a row the company hoped had been put to bed just over a month ago. The Local Authority Pension Fund Forum, whose members own about 1% of Ryanair, said it would file resolutions at Ryanair’s next annual meeting in September 2019, asking the airline to replace chairman David Bonderman and explain how it is planning for CE Michael O’Leary’s succession. At the most recent annual meeting in September, almost 30% of shareholders — including LAPFF’s members — voted against the re-election of Bonderman, who has been in post for 22 years and who co-founded private equity business TPG. O’Leary has been CE since 1994. <br/>