9-Oct-2009 8:20 AM

Jet Airways CEO, Wolfgang Prock-Schauer, resigns to become CEO of bmi

British Midland PLC (bmi) announced the appointment of Wolfgang Prock-Schauer as CEO, succeeding Nigel Turner who will become Deputy Chairman. Mr Prock-Schauer, the outgoing CEO of Jet Airways will be replaced by Nikos Kardassis as Acting CEO. Mr Kardassis is currently Jet AirwaysSenior VP The Americas and was formerly CEO of the airline from 1994-1999. Mr Prock-Schauer, an Austrian national, became CEO of Jet Airways in Jun-2003. [more - Jet Airways] [more - bmi] [more - Perspective]

bmi: “Wolfgang Prock-Schauer will drive forward the turnaround of bmi. A successful turnaround is the basis for providing good future prospects for the airline, its staff and customers. We are delighted to have gained Wolfgang Prock-Schauer as precisely the right person for that challenge. With Wolfgang Prock-Schauer, we are installing a proven aviation expert with international experience on the Executive Board of bmi", Stefan Lauer, Chairman. Source: bmi, 08-Oct-2009.

bmi: “I am very happy that Wolfgang Prock-Schauer is my successor at bmi. I have known Wolfgang for some years; he is well respected in the industry and is a true professional. For me it is time to move on and I am happy that Lufthansa has given me a challenging role whilst at the same time accommodating my personal requirements", Nigel Turner, CEO. Source: bmi-08-Oct-2009.

Jet Airways: “In the six years that I have been here, Jet Airways has transformed from a domestic to an international airline…I'm not leaving because I don't have hope for this company. I am leaving behind a well-positioned airline that needs restructuring and needs to strengthen its capital base”, Wolfgang Prock-Schauer, CEO. Source: Times of India/Dow Jones, 08-Oct-2009.

Jet Airways: "Challenges will be restructuring, bringing about financial stability and increasing the capital base”, Nikos Kardassis, Acting CEO designate. Source: Times of India, 08-Oct-2009.

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