DAA and Kenny Jacobs Lawyers Dispute Airport Operator
- The CEO of DAA, Kenny Jacobs, is locked in a dispute with the board, perhaps leading to his departure after less than three years in the role.
- Kenny Jacobs,CEO of DAA (Dublin Airport Authority),has retained the law firm Arthur Cox to represent him in negotiations with the DAA board.
- While CEOs of Irish semi-state companies typically have five-year contracts, mr.
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Kenny Jacobs in Dispute with DAA Board, Potential Exit Looms
Table of Contents
The CEO of DAA, Kenny Jacobs, is locked in a dispute with the board, perhaps leading to his departure after less than three years in the role. Legal representation has been engaged by both sides, and mediation is underway.
What Happened?
Kenny Jacobs,CEO of DAA (Dublin Airport Authority),has retained the law firm Arthur Cox to represent him in negotiations with the DAA board. The board, led by chairman Basil Geoghegan, has engaged mccann FitzGerald. This follows a serious rift between Jacobs and other board members. The dispute centers around the terms of his employment and potentially broader strategic disagreements.
While CEOs of Irish semi-state companies typically have five-year contracts, mr. Jacobs’ contract was for seven years. A protected disclosure complaint was made by a DAA staff member regarding dignity-at-work matters, but the allegations were not upheld after review by senior counsel.Despite this, tensions have continued to escalate.
Key Players
- Kenny Jacobs: CEO of DAA, currently in dispute with the board.
- Basil Geoghegan: Chairman of the DAA board.
- Arthur Cox: Law firm representing Kenny Jacobs.
- McCann FitzGerald: Law firm representing the DAA board.
- Kieran Mulvey: Industrial relations veteran acting as mediator.
- Darragh O’Brien: Minister for Transport, who would need to be notified of any meaningful exit settlement.
Financial Implications
The remainder of Mr. Jacobs’ seven-year contract is worth over €1.2 million in basic salary alone. Last year, he received a basic salary of €285,000, with total remuneration (including pension and benefits) reaching almost €375,000. Any exit deal involving a ample settlement would require notification to Minister for Transport Darragh O’Brien.
| Financial aspect | Amount |
|---|---|
| Remaining Contract Value (Basic Salary) | €1.2 million+ |
| 2023 Basic Salary | €285,000 |
| 2023 Total Remuneration | €375,000 (approx.) |
Timeline of Events
- Initial Appointment: Kenny Jacobs appointed as DAA CEO (date not specified in source).
- Protected disclosure Complaint: A staff member filed a complaint regarding dignity-at-work matters (date not specified).
- Complaint Review: Senior counsel reviewed the complaint and found the allegations not upheld (date not specified).
- escalating Tensions: Tensions between Jacobs and the board persisted following the complaint review (date not specified).
- Legal Representation Engaged: Jacobs and the board retained Arthur cox and McCann FitzGerald, respectively (current).
- Mediation: Kieran Mulvey appointed as mediator (current).
What Does This Mean?
The dispute signals significant internal challenges at DAA. A change in leadership could impact the strategic direction of Dublin and Cork airports. The situation raises questions about governance within Irish semi-state companies and the handling of internal disputes. The financial implications of a potential exit settlement are also noteworthy, especially given the public funding involved.
Who is Affected?
- DA