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Hester appointed chair of low-cost provider easyJet | Information

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 almost 9 years as chairman.

Commenting on the appointment, Barton mentioned: “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 along with his excellent strategic considering will serve the airline properly because it leads the restoration within the post-pandemic period, complementing and including to the talents of the present 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 robust monitor file of worth creation and listed board expertise .

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

He presently serves as a senior unbiased 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 look ahead to 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 dependable buyer base.

“I’m satisfied we may be winners within the European airline trade of the long run, serving prospects properly and driving engaging shareholder worth.

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

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