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Kenny Jacobs to 'Voluntarily Step Down' as Daa CEO
Kenny Jacobs agreed to step down as CEO of daa after mediation over 20 complaints, ending legal proceedings and reaffirming daa's role in Ireland's airport operations.
- Today in the High Court, Kenny Jacobs, chief executive of daa, and daa agreed he will voluntarily step down and Ms Justice Marguerite Bolger struck out the proceedings.
- Jacobs was suspended on 15 December after the board of directors of daa presented 20 allegations, following earlier clearance of two allegations by Mark Connaughton SC and the appointment of Kelley Smith SC to investigate.
- After mediation, an exit package was agreed in mid‑September, though Darragh O'Brien told the court 'While as shareholder I was not, in the legal circumstances, required to approve the settlement, the board did keep my officials apprised of developments' and said he was aware of his 'dissatisfaction with the conciliated quantum'.
- Officials argued the settlement allows daa to refocus on airport operations and stressed it lets daa concentrate on improvements vital to passengers at Dublin and Cork airports and the Irish economy.
- The hearing scheduled today and tomorrow was listed for adjudicating costs, but the parties resolved the matter, and the court noted a recent development, with management and staff acknowledged.
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Coverage Details
Total News Sources11
Leaning Left4Leaning Right1Center2Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 29%
14%
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