Last checked at 26 May 2020 07:00
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