A payout agreed by the board of DAA with its chief executive Kenny Jacobs is awaiting Government approval. Photograph: Alan Betson
The DAA board found chief executive Kenny Jacobs unsuitable to continue in his post before entering talks on a deal for him to leave the business, The Irish Times has learned.
The State-owned operator of Dublin and Cork airports reached a draft agreement with Mr Jacobs five weeks ago in which he would stand down on January 3rd and receive a payment of €960,000.
It is understood that this does not include legal fees, which will be met separately by the company
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