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News : Irish Last Updated: Dec 19th, 2007 - 13:17:15


Emirates chief becomes Aer Lingus CEO
By Finfacts Team
Apr 22, 2005, 17:20

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Emirates, Chief Director Finance, IT & Services, Dermot Mannion (R) signing the contract with Linkdot Net President and CEO, Khaled Bichara formalising the agreement that launched MSN Arabia Travel Channel, a service that will enable travellers to view the most competitive deals on offer in nine Gulf countries via the Internet.
Aer Lingus today announced the appointment of Mr. Dermot Mannion as Chief Executive. Mr Mannion will take up his position in August 2005. Aged 47, he took up the position of Finance Director with Emirates in 1995 and was appointed to his current position of President of Group Support Services with Emirates in 2003 where he is responsible for managing a workforce of 25,000 in over 80 countries.

Commenting on the appointment, John Sharman, Chairman of Aer Lingus said:
"The Board of Aer Lingus is delighted to announce the appointment of Dermot Mannion as the next Chief Executive. He has a superb track record at Emirates, one of the most profitable airlines in the world, and as a Director of Sri Lankan Airlines was centrally involved in its turn around. He also completed the US$20 billion aircraft acquisition programme for Emirates over the past number of months. His highly relevant experience combined with his proven business acumen, financial skills and strategic capability uniquely position him to take Aer Lingus forward. I am confident that his strong people skills and focussed management style will quickly become a hallmark of his stewardship of the business."

"While Aer Lingus is in a strong position having achieved record operating profits in the past year, building on our "low fares, way better", customer proposition, there are real challenges to be faced going forward if the business is to continue to prosper and Dermot is well placed to meet these head on. His focus will undoubtedly be to continue to grow and develop the business by building on the strong platform which is in place while ensuring that we have the necessary structures and resources required to compete aggressively across all our markets. Dermot fully appreciates and is committed to our strategy as a low fares airline and will immediately address the priorities of driving productivity and extracting further cost out of the airline, as outlined in our business plan."


"While some have commented on the length of time it has taken to appoint a new CEO, our objective was always to get the right person in place rather than reacting to external pressures. Dermot's selection to succeed Willie Walsh takes place following a very thorough competitive international search and selection process which attracted very high calibre candidates. The process was overseen by a Board Committee comprising of myself as Chairman and non-executive directors Sean FitzPatrick and Ivor Fitzpatrick. Aer Lingus now has a talented and experienced Chief Executive and I know that he will quickly galvanise his team around him, address the priorities and move the business on. I am sure that everyone at Aer Lingus will look forward to working with him in the years ahead."


Dermot Mannion said "I'm very proud to have been chosen to succeed Willie Walsh as CEO of Aer Lingus. He will be a very hard act to follow but I sincerely believe I can bring some of the great dynamism and entrepreneurial spirit of Emirates to build on the continuing achievements of the Aer Lingus management team."


Dermot Mannion, graduated from Trinity College with a Bachelors of Business Studies in 1979. He is a Fellow of the Institute of Chartered Accountants in Ireland. After initially working with Ulster Investment Bank for 2 years in Ireland, he joined Emirates in 1987 as Treasury Manager. As Finance Director he led the highly successful $500 million Bond issue at the airline. He is a Director of Sri Lankan Airlines, 43% owned by Emirates and was centrally involved in the turnaround of that business from near bankruptcy. He is a native of County Sligo and is married with four children.


© Copyright 2007 by Finfacts.com

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