Kenny Jacobs agrees to €480,000 DAA payment
Kenny Jacobs will receive €480,000 from DAA and step down as chief executive, ending a year-long dispute and High Court action.Summary
Kenny Jacobs has reached a settlement of approximately €480,000 with DAA, bringing an end to his High Court action and a protracted dispute that has caused turmoil within the semi-State company. The agreement follows Jacobs’s suspension and a disciplinary investigation into 20 complaints, the details of which were not made public. This settlement is less than the €968,000 offered in a previous mediation deal rejected by Minister for Transport Darragh O’Brien, who expressed dissatisfaction with the initial amount. DAA will also cover Jacobs’s legal costs, bringing the total cost of the affair to over €1 million. The dispute began with protected disclosures about Jacobs’s behaviour and a business matter, which were initially not upheld, but later led to concerns about his suitability to continue as CEO. Jacobs expressed pride in DAA’s achievements during his tenure, citing record operational and financial results.
(Source：The Irish Times)