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Pádraig Ó Ríordáin, chairman of the DAA (formerly Dublin Airport Authority), is to step down in mid-January on the expiry of his current term of office.
Mr Ó Ríordáin was initially appointed chairman designate of the DAA in 2011 after David Dilger resigned suddenly from the role. He was officially named as chairman in January 2012 and reappointed in February 2015.
Formerly managing partner of legal firm Arthur Cox, Mr Ó Ríordáin was a key adviser to the government during the banking crisis.
His roles in the financial crisis included assisting the State in its refinancing arrangements with the IMF, the EU and the ECB and the recapitalisations and equity structuring of AIB, Bank of Ireland and Irish Life Permanent.
Mr Ó Ríordáin also advised on the nationalisation and restructuring of Anglo Irish Bank and Irish Nationwide Building Society, and the establishment of the National Asset Management Agency.
“It has been a privilege to be DAA’s chairman over the past six years, and to work alongside the board, the management, staff and the department to make DAA an even more focussed contributor to all of its stakeholders and in particular to the Irish economy,” Mr Ó Ríordáin said.
The Department of Transport, Tourism and Sport is to shortly begin a formal process to recruit a new chairman for the company.