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Director Appointments

easyJet CEO to join ITV

17 July 2017 08:32

easyJet chief executive Carolyn McCall is leaving the low-cost airline to become the new CEO of ITV.

She is expected to leave easyJet around the end of the year.

The airline said the search for her successor had already begun and the company expected to select from a strong range of candidates.

Chairman John Barton said: "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. "This has led to sustained and continuing financial success which has been shared with shareholders with a more than trebling of easyJet's share price and the payment of £1.2 billion in dividends. "She will leave easyJet well set for future success. Her successor will inherit a leadership team of strength and depth, engaged people and loyal passengers flying on Europe's best network. "I speak for absolutely everyone at easyJet in saying we will be sorry to see Carolyn leave and that we wish her well in her exciting new role."

McCall said: "This was a really difficult decision for me to make. I have had an amazing seven years at easyJet, I am so proud of what the airline and its people have achieved in that period. "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. "easyJet is a structural winner in a brilliant position, and I look forward to being a loyal customer in the years to come. "I will always miss easyJet and most of all I will miss easyJet's people whose Orange Spirit helps them do their best to make travel easy and affordable for their customers every day."

At 8:32am:

(LON:EZJ) easyJet PLC share price was -10.5p at 1400.5p

(LON:ITV) ITV PLC share price was +3.15p at 178.15p

Story provided by StockMarketWire.com

Related Company: ITV

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