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Mannion resigns as Aer Lingus CEO
Aer Lingus Group has announced that Dermot Mannion, group chief executive officer, has tendered his resignation to the board with the intention of stepping down with immediate effect. The board has accepted Mannion's decision and Colm Barrington, chairman of the board, will assume executive responsibility for the group until a new CEO is appointed.
"On behalf of the Board and management team, I would like to thank Dermot for his significant contribution to the group over the past four years. We would like to record our appreciation for his loyalty and dedication to Aer Lingus," commented Barrington.
On his decision to leave, Mannion remarked, "It has been a privilege to serve as Aer Lingus CEO for the past four years and to have led the company through a period of profound change. I would like to thank the board, management and all employees for their commitment during my time with the group. My decision to step down will allow a new CEO to bring fresh thinking and new ideas to the business."
Barrington added, "Against the backdrop of challenging market conditions, the board and management team are focused on maximising revenues, reducing operating costs while maintaining a strong balance sheet to deliver value for all shareholders."
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