Economy

EasyJet names new chief executive

LONDON (Alliance News) - easyJet said Friday that it has appointed former TUI Group Deputy Chief Executive Officer Johan Lundgren as chief executive officer, replacing Carolyn McCall.

EasyJet chairman John Barton said: "I and the easyJet board are delighted to announce Johan as our new CEO".

He also leaves his role as chief executive of the mainstream markets division at TUI. She will step down as chief executive at the end of November but remain with the airline until year-end to assist with the transition.

Shares in the company rose 0.7 per cent to 1,279.5p after it said Johan Lundgren, now a senior executive at Tui, will take over from McCall when she departs to leave ITV.

It means his first LTIP award will not vest until December 2020 and will be held until December 2022.

Lundgren added: "I have flown with and been a fan of easyJet and its wonderful people for many years".

In July, EasyJet announced that Ms McCall will join ITV as the broadcaster's first ever female chief executive in January 2018.

The hire comes at an important time for the carrier, which recently applied for an Austrian air operator certificate, a license which will ensure it can continue flying intra-European routes even in the event of the bleakest Brexit outcome.



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