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easyJet PLC - Directorate Change

RNS Number : 8306N
easyJet PLC
26 May 2020
 

26 May 2020

 

easyJet plc

("easyJet", the "Company")

 

Directorate Change

 

This announcement contains inside information.

 

easyJet plc announces that Andrew Findlay has advised the Board of his intention to leave easyJet.  In adherence with his contractual obligations he is expected to leave easyJet in May 2021.  In the meantime, Andrew will continue with his existing responsibilities and the search for his successor will now commence.

 

Commenting on the announcement, Johan Lundgren, easyJet CEO, said today:

 

"Since I joined in 2017, Andrew and I have worked extremely well together.  

 

"As the longest standing member of the Airline Management Board, Andrew has and continues to provide solid financial steerage and guidance.  This has been particularly so during recent months when he was quick to secure liquidity and deliver a significant reduction in cash burn.

 

"I speak on behalf of my fellow colleagues in that we will be sorry to see him leave next year, however we all look forward to working with Andrew over the coming 12 months as we successfully steer easyJet though this unprecedented times for the industry.

 

"I would like to thank Andrew for his continued contribution to ensure the long-term success of easyJet."

 

Andrew Findlay said:

 

"Although I have given notice to leave easyJet in a year's time, I remain fully committed to the business to support Johan and to ensure easyJet successfully weathers this unprecedented time for the airline industry. 

 

"By the end of my notice period I will have been with this great company for almost 6 years and it will be the right time to pass the financial reins to someone who will help take easyJet into its next chapter. 

 

"I would like to thank the shareholders who supported me and my fellow Directors in the recent General Meeting.  I intend to repay that support in the coming year"

 

 

For further details please contact easyJet plc:

 

Institutional investors and analysts:

Michael Barker         Investor Relations              +44 (0)7985 890 939

Holly Grainger          Investor Relations              +44 (0)7583 101 913

Media:

Anna Knowles          Corporate Communications +44 (0)7985 873 313

Edward Simpkins      Finsbury                           +44 (0)7947 740 551 / (0)207 251 3801

Dorothy Burwell        Finsbury                           +44 (0)7733 294 930

 

 

LEI: 2138001S47XKWIB7TH90

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: easyJet plc

Price: 716

Market: LSE
Market Cap: £3.13 billion
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