| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

News Main Page 
 Asia-Pacific Business Week


How to use our RSS feed

Web Finfacts


Finfacts is Ireland's leading business information site and you are in its business news section.

We provide access to live business television and business related videos from: Bloomberg TV; The Wall Street Journal; CNBC and the Financial Times. Click image:


Finfacts Homepage

Global News

Bloomberg News

CNN Money

Cnet Tech News


Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News





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

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

Email this article
 Printer friendly page
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

Top of Page

Latest Headlines
C&C reports plunge in UK cider sales; Revenue and profit margin to fall 10% in year to February 29, 2008
Shannon Development calls for urgent national launch of high-speed fibre Broadband infrastructure across Ireland
Irish SMEs can reduce costs by adopting Green IT
Irish construction employment fell 5.4% in year to November 2007 - actual job losses were about 15,000
Two Dublin Firms "score major deals" during South Africa Trade Mission
Dublin Airport: DAA to start work on €55m extension to Terminal One
Forfás says Employment in IDA and Enterprise Ireland client firms grew by 1,187 in 2007; Over 18,500 people were employed in research activities across Ireland in 2007
Wyeth Ireland invests €5 million in Dublin and creates 24 jobs
Irish Consumer sentiment fell slightly in December 2007
Aer Lingus begins Belfast-London Heathrow service; Ryanair's Michael O'Leary visits Shannon on last day of Aer Lingus service to London
Martin welcomes over 50 Irish Firms on South African Trade Mission
Irish Construction: December data signalled record falls in activity - housing, civil engineering and commercial sectors
Britvic Ireland to cut 60 jobs in Cork
Irish Live Register increased 2,100 in December; Grew 14,987 in 2007 to 171,800 at end of December
Irish Public Service Benchmarking Body Report: Increases recommended for just 15 of the 109 grades examined
Irish Financial Services Ombudsman says complaints increased 15% in 2007
Nuclear Power in Ireland: Government calls for a debate without a deadline to avoid having to make decision
Irish Industrial Sector had best year in 2007 since 2002
Irish National Employment Rights Authority carries out 14,000 inspections; Recovers €2.5m in arrears for workers; Martin launches "major publicity campaign"
Horizon Technology hit by falling revenue and bad debt provision increase of €0.8 million