Bus Éireann CEO Ray Hernan is to leave his role in August for a senior role at Aer Rianta International (ARI).
Ray joined the operator in November 2016 as Chief Financial Officer, being promoted to CEO the following January.
The company has undergone significant restructuring under his leadership, which Chairman Aidan Murphy paid tribute to in a statement: “On behalf of the board and our staff, I would like to sincerely thank Ray Hernan for leading the business through an exceptionally difficult period in our trading history.
“He made a valued contribution by working closely with the board to take, and implement, the very difficult decisions required to stabilise the financial position of the company.
“Following a restructure of the business, he continued to work with all staff to ensure that all the recommendations included as part of a new Labour Court agreement, were fully implemented.
“This was a major achievement that has significantly helped to make the company more customer-focussed and competitive – a necessity in this challenging transport environment and essential to ensuring the ongoing viability and recovery of Bus Éireann.
“Ray also made significant new appointments to the senior management team, which will ensure the company is in good hands as he departs. We wish him and his family every success in the future.”
While the search for Ray’s successor continues, Stephen Kent, Chief Commercial Officer, has been appointed Acting CEO. He has been in his current role for five years, previously holding leadership positions at C&C and Waterford Crystal.