Flybe Group PLC Appointment of Ian Milne - Chief Financial Officer (2849T)
11 October 2017 - 5:00PM
UK Regulatory
TIDMFLYB
RNS Number : 2849T
Flybe Group PLC
11 October 2017
Appointment of Ian Milne as Chief Financial Officer
Flybe Group plc ("Flybe" or "the Company") announces that Ian
Milne, Interim Chief Financial Officer, will assume the role of
Chief Financial Officer ("CFO") on a permanent basis, with effect
from 1 November 2017. Ian has been serving as Interim CFO since
joining Flybe on 15 August 2017. As previously announced, Philip de
Klerk, the outgoing CFO, left the Company at the end of
September.
Prior to joining Flybe Ian had a twenty-year career at British
Airways/International Airlines Group, culminating in serving as
IAG's Group Financial Controller and BA's Director of Integration.
Earlier in his career, Ian worked in the London office of Ernst
& Young and later wrote a book on international airline
accounting, 'Bridging the GAAP'. He left IAG in 2016 to set up his
own consulting business.
Christine Ourmieres-Widener, Chief Executive Officer, said:
"I am delighted that Ian is joining Flybe on a permanent basis.
He brings a wealth of aviation industry experience along with
strong financial management expertise. Ian has already made a
positive impact on the business in the short time he has been
working with us and I am confident that he will make a great
contribution to both the Board and the Executive team in the
future."
Ian Milne said:
"This is a great opportunity to join Flybe at an exciting time
in its development. I have thoroughly enjoyed working with
Christine and the Flybe team over the last six weeks and I am
looking forward to working with them on a permanent basis."
There are no further details to be disclosed under LR 9.6.13 of
the Listing Rules.
ENDS
Enquiries
Maitland +44 (0) 207 379 5151
Neil Bennett
Andy Donald
Notes
Summary of Ian Milne's remuneration
Ian's remuneration includes an annual basic salary of GBP250,000
and a car allowance of GBP10,000. His annual bonus entitlement is
up to 100% of salary and he will be entitled to participate in the
Flybe Performance Share Plan. He will also receive a pension
contribution of 10% of salary.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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