Ryanair’s chairman of more than two decades, US billionaire David Bonderman, is facing increasing opposition to his re-election at the discount carrier’s annual meeting later this month. Ryanair said investors appreciate the American’s contribution and will back his reappointment at the September 20th gathering. Efforts to displace the founder of private-equity titan TPG Holdings have emerged following a 12-month labour crisis at Ryanair. It also opposes the re-election of former Ryanair finance chief Howard Millar as a member of the company’s remuneration committee, saying the body should consist solely of independent directors. On Wednesday, Irish-based Ryanair pilots voted to accept a deal with the company, while negotiations with flight attendants and aviators across the rest of its network are ongoing.

Source: The Irish Times September 05, 2018 13:41 UTC