Menzies(John) PLC Board Changes (3086F)
July 12 2019 - 1:00AM
UK Regulatory
TIDMMNZS
RNS Number : 3086F
Menzies(John) PLC
12 July 2019
12 July 2019
John Menzies plc
Board Changes
John Menzies PLC (the "Group"), the global Aviation services
business, today announces that Dr Dermot F Smurfit has notified the
Board of his intention to step down as Chairman of the Board.
Philipp Joeinig, a current non-Executive Director of the Group,
will succeed Dermot as Chairman and both of these changes are with
immediate effect.
Dr Smurfit joined the Board in July 2016 and oversaw the $202m
transformational acquisition of ASIG Ltd, successfully sectioned
the defined benefit pension scheme and, most recently, completed
the sale of Menzies Distribution, exiting the Group from the print
media logistics sector.
Following the Distribution sale, the Group's transformation is
now complete and Menzies is a pure play Aviation Services business
that is very well placed to prosper in the fast-moving aviation
sector.
The incoming Chairman, Philipp Joeinig brings a wealth of
leadership experience and a deep understanding of the Aviation
Services industry to the Board. Philipp has occupied a number of
senior executive roles within Swissport International Limited over
a ten year period, latterly as a member of the management board
covering all Swissport businesses in Europe West, Central and East.
Philipp will draw on this extensive leadership and industry
experience and will work closely with the Board and the Executive
team to ensure the Group delivers on its objectives to become the
service provider of choice for it's customers.
In addition to the above changes, the Group's Senior Independent
Director, David Garman, will become Deputy Chairman and will work
closely with Philipp with a particular specialism around UKLA and
general UK related governance matters due to his extensive plc
experience.
Dr Smurfit commented:
"I have greatly enjoyed my time with Menzies during which we
have delivered on a number of key corporate and financial
objectives. I wish the Group and its 36,000 employees the very best
for the future as it embarks on the next stage of its journey. I
believe that this now requires an industry specialist to bring
Menzies to a new level of excellence. I wish my successor, Philipp
Joeinig every success in that mission."
David Garman, Senior Independent Director, said:
"On behalf of the Board, we would like to recognise and record
our sincere appreciation to Dr Smurfit for his significant
contribution to our business. He has been an effective and
excellent Chairman and we wish him well with his future
endeavours."
Philipp Joeinig, incoming Chairman, said:
"I am very honoured to have been appointed to succeed Dr Smurfit
as Chairman of John Menzies plc. I believe the Group has a very
exciting future and I look forward to working with the Board and
the management team as we look to progressively grow the business
and deliver returns to our shareholders."
For further information:
John Menzies plc 0131 459 8018
Giles Wilson, Chief Executive Officer
John Geddes, Corporate Affairs Director
FTI Consulting 0203 727 1000
Jonathon Brill/Alex Beagley/Fern Duncan
Notes to Editors:
1. John Menzies plc is one of Scotland's largest companies where
success depends on providing an efficient, high quality,
time-critical service to their customers and partners. The company
was established in 1833 and its head office is in Edinburgh. Today
the company is an international aviation services business with
operations worldwide.
2. Menzies Aviation is a leading global provider of passenger,
ramp and cargo services. Menzies Aviation operates at 219 airports
in 37 countries, supported by a team of some 33,000 highly-trained
people. Each year Menzies Aviation serves some 1,000 customers,
handling 1.4 million flights, 1.6 million tonnes of cargo and
fuelling 4 million turnarounds. Customers include Air Canada, Air
France-KLM, American Airlines, Cathay Pacific, Delta Air Lines,
easyJet, Emirates, Frontier Airlines, IAG, Lufthansa, Norwegian Air
Shuttle, Air Canada, United Airlines and China Airlines. Best in
class safety and security is the number one priority each day and
every day.
3. Menzies Aviation operates in a structural growth market,
which has strong out-sourcing trends as well as progressive market
growth. As a global player in the aviation services market Menzies
is well placed to be a leading player as the market continues to
professionalise and will continue to embrace and develop new
technologies to provide market leading service.
This information is provided by RNS, the news service of the
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END
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