Fastjet PLC Directorate Change (1177E)
July 02 2019 - 1:00AM
UK Regulatory
TIDMFJET
RNS Number : 1177E
Fastjet PLC
02 July 2019
fastjet Plc
("fastjet" or the "Company")
Board Change
2 July 2019
fastjet plc, the low-fare African airline, today announces that
Nico Bezuidenhout, the Company's Chief Executive over the last
three years, has given notice that he will leave the Company, and
Board, at the end of September 2019, to re-join a business of which
he was the original founding CEO. Nico will remain with the Company
for a period of 3 months, overseeing specific projects, assisting
with the handover of responsibilities and ensuring an appropriate
transition.
In the interim, Mark Hurst, currently Deputy Group CEO, will
take up the position of acting CEO, working closely with Nico for
the handover, and thereafter assume the Group CEO role until such
time as a permanent replacement CEO is appointed. Mark joined the
business in July 2018, was appointed as Deputy Group CEO in January
2019 and has been actively involved in the business over the last
12 months. Mark has significant aviation experience with particular
expertise in fleet management, aircraft sourcing, operating and
leasing, as well as the development and implementation of
operational efficiencies throughout the aviation value chain. He is
highly regarded in the African aerospace sector for his operational
track record, his ability to drive strategic initiatives in
challenging environments and his value and supply chain
management.
Rashid Wally, Chairman of fastjet, said:
"On behalf of the Board and myself, I would like to thank Nico
for his efforts, dedication and time invested over the last three
years in favour of fastjet and its Shareholders. The fastjet of
today is a fundamentally different business compared to three years
ago and we wish Nico well in his future endeavours.
We are delighted to have someone of Mark's calibre already on
the Board. Mark will be focused on continuing to consolidate
fastjet's position in its core markets as well as explore other
opportunities for growth."
This announcement is released by fastjet plc and contains inside
information for the purposes of Article 7 of the Market Abuse
Regulation (EU) 596/2014 (MAR), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
For the purposes of MAR and Article 2 of Commission Implementing
Regulation (EU) 2016/1055, this announcement is being made on
behalf of the Company by Kris Jaganah, Chief Financial Officer.
For more information, contact:
fastjet Plc Tel: +27 (0) 10
070 5151
Nico Bezuidenhout, Chief Executive Officer
Mark Hurst, Deputy Group CEO
Kris Jaganah, Chief Financial Officer
Media - Citigate Dewe Rogerson Tel: +44 (0) 20
7638 9571
Angharad Couch, Toby Moore, Nick Hayns
For investor enquiries please contact:
Liberum Capital Limited - Nominated Tel: +44 (0) 20
Adviser and Broker 3100 2222
Andrew Godber, Clayton Bush, James Greenwood,
Trystan Cullen, William Hall
NOTES TO EDITORS
About fastjet Plc
Fastjet is a multi-award-winning value African airline that
began flight operations in 2012. Their awards include, Leading
African Low-Cost Carrier World Travel Awards 2016, 2017, 2018 and
2019, and Skytrax World Airline Awards Best Low-Cost Airline in
Africa 2017. Today, Fastjet connects Zimbabwe by flying between
Harare and Victoria Falls, Harare and Bulawayo, and from Harare to
Victoria Falls. They also offer flights from Harare and Vic Falls
to Johannesburg in South Africa. The airline also began branded
domestic flights in Mozambique, using Embraer E145, a 50-seater
aircraft operated by Solenta Aviation Mozambique, in November 2017.
As part of a codeshare agreement entered with LAM - Mozambique
Airlines, fastjet is able to offer its customers flights between
Maputo, Tete, Beira and Quelimane.
Since commencing operations, fastjet flown over 3 million
passengers and has established itself as a punctual, reliable, and
affordable low-cost carrier.
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END
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