logo
Plus   Neg
Share
Email

EasyJet CFO Andrew Findlay To Leave In May 2021; Stock Up

easyJet Plc (ESYJY.PK,EZJ.L) announced Tuesday that Andrew Findlay has advised the Board of his intention to leave the firm, expected to be in May 2021.

In the meantime, he will continue with his existing responsibilities and the search for his successor will now commence.

Johan Lundgren, easyJet CEO, said, "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."

Findlay's decision comes after the company's shareholders, in an extraordinary meeting, voted against resolutions to oust four directors, including the Chairman John Barton, Lundgren, and Findlay.

EasyJet founder Stelios Haji-Ioannou, the airline's largest shareholder, had been seeking to oust four directors as he seeks the cancellation of a 4.5 billion order for more than 100 new aircraft.

In London, EasyJet shares were trading at 606.15 pence, up 8.75 percent.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Santa Cruz Bicycles LLC has recalled certain model year 2020 bicycles with aluminum frames citing fall risks, according to the U.S. Consumer Product Safety Commission. The recall involves about 2,900 units of model year 2020 Auminum Santa Cruz and Juliana Bicycles. In addition, about 216 were sold in Canada. AstraZeneca is mulling an additional global trial to confirm the 90% efficacy rate of its Covid-19 vaccine candidate at lower dosage, Bloomberg news quoted Chief Executive Officer Pascal Soriot as saying. In an interview, Soriot noted that instead of adding the trial to an ongoing U.S. process, the company might launch a fresh study to evaluate efficacy of lower dosage of its vaccine that perform U.S. airline Delta Air Lines, Inc. and its Italian codeshare partner Alitalia are planning to launch quarantine-free, COVID-free flights between U.S. and Europe through new testing protocols, starting in December. In a statement, Delta said it has signed deals with airports and governments eliminating quarantine requirements on COVID-tested flights connecting Atlanta and Rome.
Follow RTT