Ryanair’s outgoing chief operations officer, Peter Bellew, has confidential information on the Irish carrier that rivals “would kill for”, according to one of the airline group’s executives. Mr Bellew has pledged to honour confidentiality agreements with Ryanair when he joins his new employer. The airline maintains that Mr Bellew signed his non-compete clause when he accepted share options in the company in 2018. Mr O’Leary told Mr Bellew last March that he would not be offered options under a scheme commenced this year unless he improved his performance over the coming six months. The Ryanair board’s remuneration committee had awarded Mr Bellew options under the 2019 scheme.

Source: The Irish Times December 06, 2019 13:52 UTC