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Burberry Alliance News (BRBY)

Alliance News for Burberry (BRBY)

Share Price: 1,795.00Bid: 1,797.00Ask: 1,798.00Change: 0.00 (0.00%)No Movement on Burberry Grp
Spread: 1.00Spread as %: 0.06%Open: 1,754.50High: 1,799.00Low: 1,738.00Yesterday’s Close: 1,795.00

TOP NEWS: easyJet CEO Carolyn McCall Resigns For Same Role At ITV

Mon, 17th Jul 2017 08:07

LONDON (Alliance News) - Budget airline easyJet PLC on Monday said Chief Executive Carolyn McCall will leave the company in order to fulfil the same role at broadcaster ITV PLC.

McCall is expected to leave easyJet at the end of the year, after seven years as CEO, and easyJet said it has commenced the search for her successor.

"Carolyn built and led the management team that has transformed easyJet's performance in every respect since 2010. She put easyJet's passengers and people at the heart of the business. Having first built a solid operational performance, she redefined the customer experience not just at easyJet but across short-haul Europe and has seen both the number and loyalty of easyJet's passengers grow as a result," easyJet Chairman John Barton said in a statement.

"After seven years, the opportunity from ITV felt like the right one to take. It is a fantastic company in a dynamic and stimulating sector," McCall said.

easyJet added that it expects to report an improving revenue per seat trend when it releases its third-quarter trading update on July 20, supported by strong load factor and a "significant benefit" from the later Easter this year.

Full-year cost per seat at constant currency expectations remain in line with guidance, reflecting "continued strong cost control with planned investments in resilience to support the delivery of improved operational performance during the summer months".

"Operational performance for the quarter has improved as the investment in resilience has delivered improved on time performance across the network," easyJet said.

In a separate statement, ITV noted that McCall will take on her new role at the company on January 8.

"In a very impressive field of high calibre candidates, Carolyn stood out for her track record in media, experience of an international operation, clear strategic acumen and strong record of delivering value to shareholders. I'm delighted we'll be working together at ITV," ITV Chairman Peter Bazalgette said.

Prior to working at easyJet, McCall - who is also a non-executive director at luxury fashion retailer Burberry Group PLC - was CEO of the Guardian Media Group. The Guardian had reported earlier this month that McCall was the favourite to take over as ITV's new CEO after former CEO Adam Crozier left at the end of June.

By Karolina Kaminska; karolinakaminska@alliancenews.com; @KarolinaAllNews

Copyright 2017 Alliance News Limited. All Rights Reserved.

Alliance News

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