Wizz Air Holdings PLC Senior Management Update (4703L)
July 19 2017 - 1:05AM
UK Regulatory
TIDMWIZZ
RNS Number : 4703L
Wizz Air Holdings PLC
19 July 2017
SENIOR MANAGEMENT UPDATE - APPOINTMENT OF CHIEF FINANCIAL
OFFICER AND CHIEF TECHNICAL OFFICER
LSE: WIZZ
Geneva, 19 July 2017: Wizz Air Holdings Plc (the "Company" and,
together with its subsidiaries, "Wizz Air"), the largest low cost
carrier in Central and Eastern Europe, announces today that it has
promoted two members of management to Wizz Air's executive
team.
Iain Wetherall, currently Head of Financial Planning &
Control and Investor Relations, is promoted to Chief Financial
Officer with effect from 01 August 2017. As Chief Financial
Officer, Iain will report to the Company's Chief Executive Officer
and be responsible for the accounting and tax, financial planning
and controlling, fleet acquisition and corporate finance and
purchasing organizations. He joined Wizz Air in July 2011 as Head
of Corporate Finance and, following the Company's initial public
offering in 2015, he also led the Company's investor relations
function before taking on his current role in September 2016. Iain
is a chartered accountant, holds an Advanced Treasury Diploma from
the Association of Corporate Treasurers, a Securities and
Investment Diploma from the Chartered Institute for Securities and
Investments and was a Securities Representative authorized by the
Securities and Futures Authority (now Financial Conduct Authority).
Prior to Wizz Air, Iain gained experience in tax & treasury,
corporate finance, mergers & acquisitions, accounting, audit,
corporate governance, internal control and consulting in various
finance roles for Royal Ahold, PricewaterhouseCoopers, KPMG and
Singer & Friedlander Bank Limited.
Heiko Holm, currently Head of Technical Services, is promoted to
become Wizz Air's Chief Technical Officer, reporting to Diederik
Pen, Executive Vice President and Chief Operations Officer. As Wizz
Air's fleet continues to grow, the technical and operations
complexity associated with the size of the fleet and the multi-base
operation also increases. To ensure that Wizz Air is adequately
resourced for its future growth, the new position of Chief
Technical Officer has been created on Wizz Air's Leadership Team.
The Chief Technical Officer will remain the post-holder for
continuing airworthiness and the Accountable Manager for Wizz Air's
Part 145 maintenance organization. Heiko graduated from the
University of Applied Sciences in Hamburg, Germany as an Engineer
specialized in Aircraft Construction and Design and went on to
build a successful career with Lufthansa Technik, ultimately
becoming the Director of Operations for Lufthansa Technik in
Shenzhen, China, from where he joined Wizz Air. The appointment
takes effect from 01 August 2017.
József Váradi, Wizz Air's Chief Executive Officer,
commented:
"The promotion of Iain Wetherall to Chief Financial Officer and
Heiko Holm to the newly-created Chief Technical Officer position
are further examples of Wizz Air's planning for its future
significant growth by bringing additional capacity into its senior
management team while leveraging its great talent pool to promote
from within. Both Iain and Heiko have already proven themselves as
successful leaders in Wizz Air and each brings significant and
extensive expertise to their role. I look forward to working with
both of them closely as members of the Leadership Team as we
continue to grow quickly but profitably at the same time as
implementing exciting projects at Wizz Air, including the
introduction of the ultra-efficient Airbus A321NEO into our fleet
as a new aircraft type from January 2019, bringing increased cost
efficiency to the business as we continue to drive our aim of Wizz
Air becoming the undisputed cost leader among European
airlines."
ABOUT WIZZ AIR
Wizz Air is the largest low-cost airline in Central and Eastern
Europe, operates a fleet of 84 Airbus A320 and Airbus A321
aircraft, and offers more than 500 routes from 28 bases, connecting
142 destinations across 43 countries. At Wizz Air, a team of
approximately 3,300 aviation professionals delivers superior
service and very low ticket prices making Wizz Air the preferred
choice of 23.8 million passengers in the financial year ended 31
March 2017. Wizz Air is listed on the London Stock Exchange under
the ticker WIZZ and is included in the FTSE 250 and FTSE All-Share
Indices. Wizz Air is registered under the International Air
Transport Association (IATA), Operational Safety Audit (IOSA), the
global benchmark in airline safety recognition. The company was
recently named 2016 Value Airline of the Year by the editors of Air
Transport World, one of the leading airline trade magazines, as
well as 2016 Low Cost Airline of the Year by the Center for
Aviation (CAPA), a leading provider of independent aviation market
intelligence.
For more information:
Investors: Iain Wetherall, Wizz Air: +41 22 555 9873
Balint Veres, Wizz Air: +36 1 777 9349
Media: Tamara Vallois, Wizz Air: +36 1 777 9324
Edward Bridges / Jonathan Neilan,
FTI Consulting LLP: +44 20 3727 1017
This information is provided by RNS
The company news service from the London Stock Exchange
END
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