Hester appointed chair of low-cost service 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 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 mentioned: “I’m delighted that Stephen has been appointed as the subsequent chair of easyJet.

“His vital and diverse expertise main main worldwide companies in regulated industries, coupled along 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 abilities of the prevailing Board and management group.”

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

He has served as chief government of RSA Insurance coverage Group from 2014 to Could this yr, 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 quite a lot 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 taking part in 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 might be winners within the European airline trade of the longer term, serving clients nicely and driving engaging shareholder worth.

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

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