BBA Aviation PLC Directorate Change (6348A)
January 02 2018 - 1:00AM
UK Regulatory
TIDMBBA
RNS Number : 6348A
BBA Aviation PLC
02 January 2018
2 January 2018
Appointment of new Group Chief Executive
BBA Aviation plc today announces that Mark Johnstone, currently
President and Chief Operating Officer of the Group's Engine Repair
& Overhaul division ("ERO") will join the Board as Group Chief
Executive on 1 April 2018. He will be based in Orlando,
Florida.
Mark Johnstone joined BBA Aviation in March 2008 as Corporate
Development Director and has held a number of roles within the
Group including Chief Financial Officer Signature Flight Support;
Managing Director of the APPH business (sold by the Group in 2014);
and Managing Director of the EMEA Flight Support business (at that
time incorporating both Signature and ASIG) before being appointed
President and COO of the ERO business in June 2016.
This appointment follows a comprehensive internal and external
search process. Wayne Edmunds will step down from his role as
Interim Group Chief Executive on 1 April and will remain on the
Board as a non-executive director.
Commenting on the appointment BBA Aviation Chairman Sir Nigel
Rudd said,
"We are delighted that Mark has accepted the role. The Board
feels that he is the ideal candidate to lead the Group forward.
Mark's strategic and operational experience in finance and in
managing a number of the Group's businesses over the last ten years
gives him a deep understanding of the company and the right skills
to take on the role of Group Chief Executive. I would also like to
thank Wayne Edmunds for stepping into the interim role and leading
the business while we completed the search process."
Mark commented,
"I am delighted to be stepping up to the Chief Executive role at
this stage in BBA Aviation's development. The Group has attractive
prospects and we are uniquely placed to develop a range of services
in the B&GA sector through our enlarged network. I'm looking
forward to working with the Board and with my executive colleagues
to drive the business forward and realise BBA Aviation's exciting
potential for shareholders, customers and for everyone that works
for the Group."
Although a member of the Board, Wayne Edmunds will not be
regarded as an independent director and will not be a member of
Board Committees. He will hand over the Group Chief Executive
responsibilities and support Mark in his induction as he takes on
the role.
There are no other disclosures required in respect of Mark
Johnstone pursuant to Listing Rule 9.6.13.
Enquiries:
BBA Aviation plc
David Crook, Group Finance Director
Kate Moy, Head of Investor Relations and Communications
(020) 7514 3999
Tulchan Communications
David Allchurch
(020) 7353 4200
Information on BBA Aviation plc
BBA Aviation plc is a market leading, global aviation support
and aftermarket services provider, primarily focused on servicing
the Business and General Aviation (B&GA) market. We support our
customers through three principal businesses: Signature Flight
Support and Signature TECHNICAir(TM) which provide premium, full
service flight and home base support including refuelling, ground
handling and MRO services through the world's largest fixed base
operation (FBO) network for B&GA users with around 200
locations covering key destinations in North America, Europe, South
America, Caribbean, Africa and Asia. Ontic is a leading provider of
high-quality equipment and cost-effective solutions for the
continuing support of maturing and legacy aerospace platforms with
locations in the USA, Europe and Asia. Engine Repair &
Overhaul/Global Engine Services is a leading independent engine
service provider to global B&GA operators, the rotorcraft
market and regional airline fleets with locations in the USA,
Europe, South America, Asia and the Middle East. For more
information, please visit www.bbaaviation.com
Information on Mark Johnstone
After qualifying as a Chartered Accountant with Grant Thornton,
Mark joined the Corporate Finance department of Deloitte &
Touche and then spent four years as a Director at IFG Capital Ltd.
Before joining BBA Mark spent almost six years at GKN plc in
various finance and corporate development roles.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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