easyJet: Directorate change
08-Jan-2015 easyJet plc ('easyJet') announces that Chris Kennedy has advised the Board of his intention to leave easyJet in order to become Chief Financial Officer of ARM Holdings plc. The terms of his contract with easyJet require that he serve a notice period of up to one year. In the meantime, Chris will continue with his existing responsibilities until a successor has been secured. The search for his successor will now commence.
Commenting on the announcement, Carolyn McCall, easyJet Chief Executive said today:
"Chris has been a key part of the management team that has transformed easyJet's performance since 2010. He has built a strong finance and procurement team and leaves easyJet in excellent financial health. The airline's balance sheet is the strongest in European aviation.
"Having joined easyJet on the same day and worked with Chris for nearly five years I will be sorry to see him leave. On behalf of all the easyJet team we wish him well in his exciting new global role at one of the world's leading technology companies."
Chris Kennedy, easyJet Chief Financial Officer said:
"I have thoroughly enjoyed my time at easyJet and am proud of the significant progress easyJet has made over the last few years in making travel easy and affordable for our passengers and delivering industry leading returns for our shareholders.
"The decision to leave was a very difficult one. easyJet has a strong team and is better placed than ever to continue to grow and thrive. However, the opportunity to work for ARM in a sector in which I have had a long held interest is the right move for me at this time.
"I wish Carolyn and the team all the very best as they continue to take easyJet from strength to strength."