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Aer Lingus Group PLC (AERL)

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Friday 18 July, 2014

Aer Lingus Group PLC

CEO will Step Down in May 2015

RNS Number : 6728M
Aer Lingus Group PLC
18 July 2014

Aer Lingus Group plc


ISE: EIL1                    LSE: AERL


Aer Lingus Announces that Chief Executive Officer will Step Down in May 2015



Dublin & London, 18 July 2014: Aer Lingus Group plc ("Aer Lingus" or the "Group") announces that it has been agreed between Aer Lingus and Christoph Mueller its Chief Executive Officer (CEO) that Mr Mueller will step down as CEO and director in May 2015. Mr Mueller was appointed to the Group five years ago in July 2009 as CEO and has served as an executive director since September 2009.


The Board will now commence a process to select and appoint a new CEO and executive director.


Aer Lingus Chairman, Colm Barrington commented: "We will be very sorry to see Christoph leave Aer Lingus in 2015. We are extremely grateful to him for his excellent service and positive contribution since 2009. Under Christoph's strategic leadership, Aer Lingus has been transformed into a strong, consistently profitable airline with a clear strategic direction, a resilient business model as a value carrier and an improved cost base. Christoph has placed Aer Lingus in a position where we can look to the future with confidence and can continue to develop and grow the airline for the benefit of our customers, our employees and our shareholders.


I am also particularly grateful to Christoph that in mutually agreeing a departure date that is some time away, in May 2015, Aer Lingus has sufficient time to both conduct a thorough process to select and appoint a new CEO and to ensure that a comprehensive and seamless transition process is completed."


Christoph Mueller commented: "I have thoroughly enjoyed my five years as CEO of Aer Lingus since 2009. There have been very significant achievements delivered by the Board and management team in that period of time. The last five years has involved very hard work for the entire team at Aer Lingus and it is rewarding to see that the company is well positioned both strategically and financially. In that context and given it is the 5th anniversary of the date of my appointment, I feel it is the right time to hand over the reins. I am conscious that there are significant challenges that we are continuing to address and I am happy to remain with Aer Lingus through May 2015 to apply an ongoing focus to that work. I am also happy to facilitate a comprehensive transition to my successor as CEO of Aer Lingus. I therefore look forward to continuing to work with the Board and management team over the forthcoming period."




For further information please contact:

Investors & Analysts

Catherine McGuinness

Aer Lingus Investor Relations


+353 1 886 2892

Jonathan Neilan

FTI Consulting


+353 1 663 3686

Irish Media

Declan Kearney

Aer Lingus Communications


+353 86 617 2702

Sheila Gahan

Wilson Hartnell Public Relations


+353 87 234 2409

International Media

Matthew Fletcher



+44 (0) 207 3240494



This information is provided by RNS
The company news service from the London Stock Exchange