Sunday, May 2, 2010

The Mannion era at Aer Lingus

2010 04 10_4211_edited-1 Dermot Mannion succeeded Willie Walsh as chief executive of Aer Lingus on 8 August 2005.  he departed the company on 6 April 2009.  Mannion’s tenure was marked by the privatisation of the company.  The former chief financial officer, Seán Coyle was recruited on 22 August 2008 and departed on 31 December 2009

Ryanair owns 29.82% of the equity; the State owns 25.11% and 12.47% of the equity is owned by employee share ownership participation.  This leaves 32.6% of the equity in more dispersed ownership

Year

Group Profit / (Loss) € 

Mannion’s Remuneration €

Coyle’s Remuneration €

2005

100,047,000

206,000

 
2006

-79,368,000

982,000

 
2007

105,265,000

1,115,000

 
2008

-109,882,000

652,000

187,000

2009

-130,081,000

764,000

875,000

TOTAL

€-114,019,000

€3,719,000

€1,062,000

Days’ Service

1,337

496

.

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