Ryanair's Howard Millar (pictured) is to step down from his roles as chief financial officer and deputy chief executive at Ryanair later this year. He has been with the company for 23 years and will join its board as a non-executive director next year. However, rather than retiring, it is believed he is seeking a senior management role with another firm.
Neil Sorahan, the company's current finance director, will take over as chief financial officer when Millar steps down. Sorahan has been second in command to Millar for eight years.
This is yet another high profile change in the airline's senior management this year. In March, Michael Cawley retired from the role of deputy chief executive, taking up a non-executive position on the board.
With Millar's departure there will be no remaining deputy chief executives, however there are no current plans to appoint anyone to the role.
Chief Executive Michael O'Leary thanked Millar for his "enormous contribution" to the airline and described him as a "pioneer in the development of low fare air travel in Europe".
