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Ireland : RYANAIR announces new Chief Financial Officer

July 3, 2014

Ryanair declared that it has hired Neil Sorahan as its new chief financial officer (CFO), replacing Howard Millar, the current CFO and deputy CEO, who is leaving to pursue other career opportunities after 23 years with the airline.

In 1992, he joined Ryanair as financial controller and was subsequently promoted to finance director the following year and appointed CFO and deputy CEO in January 2003.

Millar will assume the new role effective October 1.

Millar has played a leading role in many of Ryanair s key developments, including its 1997 IPO, its subsequent 530 new aircraft orders and most recently its successful debut 850m bond issue, said the company.

I am very confidence in Sorahan s ability and experience having worked closely with him over the past 12 years, said Millar.

Millar has been a pioneer in the development of low-far air travel in Europe, as well as in aircraft financing, commodity risk and fuel management, IT systems and treasury fields of the aviation industry, said Michael O Leary.

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Source: TendersInfo (India)

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