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."
The DoD has changed its structures and is been increasing efforts to facilitate access to loans by companies interested in working with artificial intelligence, advanced materials and semiconductors, biotechnology and quantum science.
India has approved millions of dollars in new military purchases, most of which will go to public sector companies.
The main obstacles to overcoming risks in the region are a lack of a strong cybersecurity culture and inadequate funds to invest in this domain given a widespread Chinese presence in the region.
MBDA is adapting to supply chain pressures as the Russian invasion of Ukraine leads to increased demand for armaments.
Despite the additional funding promised this week, the UK armed forces still look set to face cutbacks, and maintaining international commitments to AUKUS and GCAP may limit the options for other programmes.
This week on the Shephard Defence Podcast, senior naval reporter Harry Lye and military training & simulation reporter Norbert Neumann chat with Professor John Louth.
Connect with us on socials
