The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWizz Air Regulatory News (WIZZ)

Share Price Information for Wizz Air (WIZZ)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2,240.00
Bid: 2,230.00
Ask: 2,238.00
Change: -10.00 (-0.44%)
Spread: 8.00 (0.359%)
Open: 2,246.00
High: 2,292.00
Low: 2,222.00
Prev. Close: 2,250.00
WIZZ Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Expansion of Executive Management Team

19 Dec 2019 08:00

RNS Number : 4057X
Wizz Air Holdings PLC
19 December 2019
 

APPOINTMENT OF EVP AND GROUP CHIEF FINANCIAL OFFICER AND CHIEF INVESTMENT OFFICER

 

Geneva, 19 December 2019: Wizz Air Holdings Plc (the "Company" and, together with its subsidiaries, "Wizz Air"), the largest low fare - low cost airline in Central and Eastern Europe, announces that Jourik Hooghe will be appointed as Executive Vice President and Group Chief Financial Officer, effective from 1 February 2020. Mr. Hooghe will report to the Company's Chief Executive Officer and be a member of the Company's executive team based in Geneva. He will be responsible for Wizz Air's Finance and Supply Chain organizations with the Company's Chief Investment Officer, Chief Supply Chain Officer, Head of Financial Planning and Controlling and Head of Accounting as direct reports. Iain Wetherall, currently CFO will be appointed to the newly created Chief Investment Officer position reporting to the EVP and Group CFO. His responsibilities will extend over corporate finance, investor relations, strategic analytics and subsidiary financial governance, as of 1 February 2020. Iain will remain a member of the Company's executive team based in Geneva.

 

Mr. Hooghe has a proven track record as a global operating executive with 20 years of experience in strategy, operations and finance for consumer goods and retail businesses. He worked for eighteen years at Procter & Gamble (P&G), a world leading consumer goods company, where his responsibilities covered various roles in finance, including Head of Global Strategy and Regional CFO of multi-billion dollar businesses across Europe, India, Middle-East and Africa and Greater China. In January 2018, he joined the Adecco Group as Senior Vice President, Group Strategy, Finance and Accounting, where he led the evolvement of the company's strategy, step-changed the performance framework and transformed the finance and accounting team into a high-impact, data and technology-driven organization.

 

Mr Wetherall joined Wizz Air in July 2011 as Head of Corporate Finance and, following the Company's initial public offering in 2015, he also led the Company's investor relations function before taking on the Head of Financial Planning and Control and Investor Relations in September 2016. Mr. Wetherall then became the Chief Financial Officer in August 2017 responsible for the accounting and tax, as well as financial planning and controlling. He is a chartered accountant, holds an Advanced Treasury Diploma from the Association of Corporate Treasurers, a Securities and Investment Diploma from the Chartered Institute for Securities and Investments and was a Securities Representative authorized by the Securities and Futures Authority (now Financial Conduct Authority). Prior to Wizz Air, Mr. Wetherall gained experience in tax and treasury, corporate finance, mergers and acquisitions, accounting, audit, corporate governance, internal control and consulting in various finance roles for Royal Ahold, PricewaterhouseCoopers, KPMG and Singer and Friedlander Bank Limited.

 

Commenting on the appointments József Váradi, the Company's Chief Executive Officer said:

 

"Wizz Air's continuing high growth and geographic diversification creates a requirement to constantly plan for the future scalability and evolution of our core functions. Through these appointments we are enhancing our leadership capacity and capability in our Finance function. The appointments of the Executive Vice President and Group CFO and the Chief Investment Officer allow us to further refine our subsidiary structure, to up our corporate finance activities and at the same time to bring further focus on our aircraft delivery program and associated financing requirements. We are delighted to be welcoming Jourik Hooghe as Wizz Air's Executive Vice President and Group CFO as well as congratulating Iain Wetherall on his new assignment. This new energy and additional capacity in finance will ensure we maintain our ultra-low cost base to become the undisputed cost leader among European airlines while continuing to deliver one of the highest profit margins in the industry."

 

- Ends -

 

 

 

ABOUT WIZZ AIR

Wizz Air, the largest low-cost airline in Central and Eastern Europe, offers more than 700 routes from 25 bases, connecting 154 destinations across 45 countries. A team of more than 5,000 aviation professionals delivers superior service and very low fares making Wizz Air the preferred choice of 38 million passengers in the past 12 months. WIZZ operates an all-Airbus fleet of 120 aircraft. Its A320s are equipped with 180 seats, its A321s with 230 seats and its A321neo aircraft with 239 seats. According to the latest data of the Swiss airline intelligence provider CH-Aviation, Wizz Air has one of the youngest airline fleets in the world. Wizz Air is listed on the London Stock Exchange under the ticker WIZZ and is included in the FTSE 250 and FTSE All-Share Indices. Wizz Air is registered under the International Air Transport Association (IATA), Operational Safety Audit (IOSA), the global benchmark in airline safety recognition. The company was recently named one of the world's top ten safest airlines by airlineratings.com, the world's only safety and product rating agency, and 2019 - Airline of the Year by Air Transport Awards the only international awards that recognizes the year's most outstanding performers in the aerospace industry in the most important categories.

 

 

For more information:

Investors:

Evelin Horvath, Wizz Air:

+41 22 555 9863

Media:

Tamara Vallois, Wizz Air:

+36 1 777 9324

Edward Bridges / Jonathan Neilan, FTI Consulting LLP:

+44 20 3727 1017

 

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 rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCLVLLFKLFZFBD
Date   Source Headline
25th Apr 20187:53 amRNSCredit rating agencies initiate coverage
24th Apr 201811:42 amRNSHolding(s) in Company
17th Apr 20183:58 pmRNSIssue of Restricted Share Notices
4th Apr 20187:00 amRNSMarch 2018 Traffic Statistics
29th Mar 20187:00 amRNSNotice of FY18 Full Year Results Date
13th Mar 20187:00 amRNSDirector/PDMR Shareholding
8th Mar 20187:00 amRNSTotal Voting Rights and Share Capital
5th Mar 20187:00 amRNSFebruary 2018 Traffic Statistics
1st Mar 201810:35 amRNSDirector/PDMR Shareholding
28th Feb 20184:48 pmRNSHolding(s) in Company
16th Feb 201810:00 amRNSDirector/PDMR Shareholding
15th Feb 20187:00 amRNSDirector/PDMR Shareholding
9th Feb 20187:00 amRNSBoard Change
7th Feb 20184:53 pmRNSHolding(s) in Company
7th Feb 20187:00 amRNSDirector/PDMR Shareholding
5th Feb 20183:32 pmRNSHolding(s) in Company
5th Feb 20187:00 amRNSJanuary 2018 Traffic Statistics
31st Jan 20187:00 amRNS3rd Quarter Results
30th Jan 201812:30 pmRNSResult of EGM
12th Jan 20184:35 pmRNSPosting of Circular and Notice of General Meeting
9th Jan 201810:00 amRNSWizz Air Announces Austrian Base in Vienna
9th Jan 20188:56 amRNSTotal Voting Rights and Share Capital
3rd Jan 20189:55 amRNSNotice of FY2018 Third Quarter Results Date
3rd Jan 20187:00 amRNSDECEMBER 2017 TRAFFIC STATISTICS
29th Dec 20177:00 amRNSWizz Air Finalises A321neo Order
5th Dec 20177:00 amRNSNovember 2017 Traffic Statistics
29th Nov 20176:00 pmRNSWIZZ AIR ACQUIRES ADDITIONAL SLOTS AT LONDON LUTON
20th Nov 20177:00 amRNSWIZZ AIR ANNOUNCES MAJOR EXPANSION AT LONDON LUTON
15th Nov 20177:20 amRNSOrder for 146 Airbus A320neo Family Aircraft
8th Nov 20177:00 amRNSHalf-year Report
6th Nov 20177:00 amRNSOctober 2017 Traffic Statistics
18th Oct 201710:00 amRNSWizz Air Applies for UK Air Operator Certificate
11th Oct 201712:47 pmRNSNotice of FY18 Half Year Results Date
3rd Oct 20177:00 amRNSSeptember 2017 Traffic Statistics
12th Sep 20171:11 pmRNSHolding(s) in Company
4th Sep 20177:00 amRNSAugust 2017 Traffic Statistics
4th Sep 20177:00 amRNSTotal Voting Rights and Share Capital
1st Sep 201712:28 pmRNSHolding(s) in Company
22nd Aug 20178:28 amRNSHolding(s) in Company
21st Aug 201710:17 amRNSDirector/PDMR Shareholding
16th Aug 20177:00 amRNSLong Term Incentive Plan award grants
11th Aug 201711:37 amRNSResult of General Meeting
2nd Aug 20177:00 amRNSJuly 2017 Traffic Statistics
25th Jul 201712:56 pmRNSPosting of Class 1 Circular and Notice of GM
21st Jul 20179:09 amRNSDirector/PDMR Shareholding
19th Jul 20177:05 amRNSSenior Management Update
19th Jul 20177:02 amRNSAppointment of Executive VP & Deputy CEO
19th Jul 20177:00 amRNS1st Quarter Results
18th Jul 20171:43 pmRNSResult of AGM
4th Jul 20172:18 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.