Michael O’Leary is set to continue as Ryanair’s chief executive for another six years under a new contract, according to multiple reports. The agreement extends his term until April 2032. As part of the deal, O’Leary is to receive a one-off share purchase option covering more than 10 million shares, contingent on him remaining in the role for the contract period. The sources describe this as a long-term arrangement that aligns his continued leadership with the stated end date. The reported share option is structured as an incentive that depends on contract compliance rather than an immediate grant. The reports do not indicate any change to other aspects of the company’s leadership structure beyond the continuation of O’Leary as CEO. Overall, the coverage centers on the extension of his tenure and the linked share option mechanism, which together form the principal terms described across outlets.