Hester appointed chair of low-cost provider easyJet | Information

Hester appointed chair of low-cost carrier easyJet | News

easyJet has appointed Stephen Hester as a director and chair designate.

Hester will be a part of the board as a non-executive director on September 1st after which he’ll succeed John Barton because the chair in December.

Barton will stand down from the board having accomplished practically 9 years as chairman.

Commenting on the appointment, Barton stated: “I’m delighted that Stephen has been appointed as the subsequent chair of easyJet.

“His vital and diversified expertise main main worldwide companies in regulated industries, coupled together with his excellent strategic pondering will serve the airline nicely because it leads the restoration within the post-pandemic period, complementing and including to the talents of the prevailing Board and management workforce.”

Hester is a extremely strategic and profitable chief with greater than 35 years of wide-ranging expertise at main companies, bringing a powerful monitor report of worth creation and listed board expertise .

He has served as chief government of RSA Insurance coverage Group from 2014 to Could this 12 months, as chief government of Royal Financial institution of Scotland Group, chief government of British Land and chief working officer of Abbey Nationwide, in addition to holding plenty of senior government roles at Credit score Suisse First Boston in London and New York.

He at present serves as a senior impartial director of Centrica having beforehand held a senior non-executive place as deputy chairman of Northern Rock.

Hester commented: “As a long-standing admirer of easyJet, and from my very own expertise as a buyer, I’m very excited to be becoming a member of the airline and stay up for enjoying my half in driving its continued success.

“I see so many alternatives for this iconic model within the coming years, all underpinned by its confirmed enterprise mannequin, unrivalled community and constant buyer base.

“I’m satisfied we could be winners within the European airline business of the longer term, serving clients nicely and driving enticing shareholder worth.

“I can’t wait to hitch the easyJet workforce.”

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