McCreevy joins Ryanair board

Charlie McCreevy has today officially joined the board of Ryanair

Charlie McCreevy has today officially joined the board of Ryanair

The announcement comes just weeks after the European Commission cleared the way for the newly retired commissioner to take on the new role with Ryanair Holdings.

The former Minister for Finance has become a non-executive director of the no-frills airline together with Declan McKeown, a former audit partner at Pricewaterhousecooopers. Today's announcement sees the board membership rise from 8 to 10 members.

The European Commission gave the go-ahead for Mr McCreevy to join Ryanair's board at the start of May but restricted his work as a director to avoid any perception of a conflict of interest.

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Mr McCreevy, who left the commission in February, has joined the airline’s board during a time when his former employer is conducting seven long-running state aid inquiries into some of its contracts with European airports.

He will not be allowed advise Ryanair on any case involving its business which came before the EU executive’s internal markets division during his time as commissioner, which began in late 2004.