Ryanair 2010 Annual Report Download - page 7

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5
I would also like to take this opportunity to thank Emmanuel Faber for his commitment to Ryanair as a
director over the last eight years. Although eligible, Emmanuel has decided not to stand for re-election at the
AGM on September 22, 2010. I wish to welcome and congratulate Charlie McCreevy and Declan McKeon on
their appointment to the Board of Ryanair, subject to shareholder approval at the AGM. Both Charlie’s and
Declan’s extensive commercial and financial experience will further strengthen the Ryanair Board.
Ryanair’s performance over the past year in delivering unit cost reduction, strong cash generation and
improved passenger service, demonstrates again the strength of Ryanair’s model, and the talent and resilience
of our people during very difficult trading conditions. This unique culture of performance and achievement
will, we believe, ensure that Ryanair continues to deliver outstanding performance and superior returns for our
passengers, our people and our shareholders.
On behalf of the Board I would like to thank all of our people and air passengers for their continuing
commitment to the growth and success of Ryanair – the world’s favourite passenger airline.
Yours sincerely,
David Bonderman
Chairman