Gary McGann steps down as DAA chairman

Gary McGann today announced that he was stepping down as Chairman of the Dublin Airport Authority (DAA) to concentrate on his principal role as Chief Executive if Smurfitt Kapa.

In a statement, Mr. McGann said that his decision had been influenced by his former non executive directorship of Anglo Irish Bank which is currently the subject of an investigation by the Office of the Director of Corporate Enforcement. He said "At all times I have acted with integrity and honesty in this role, but given recent commentary about events at the bank my decision today is made in the best interest of the DAA and of Smurfitt Kappa Group."

In a statement issued by the DAA, the company thanked Mr McGann for "his vision, his expertise and the exceptional personal commitment.."

Earlier today Ryanair had called on Mr McGann to step down from his role as Chairman of the DAA in the interest "of corporate governance and semi state monopolies".