Menzies(John) PLC Board Appointment and new Committees (8993Z)
23 May 2019 - 4:01PM
UK Regulatory
TIDMMNZS
RNS Number : 8993Z
Menzies(John) PLC
23 May 2019
23 May 2019
John Menzies plc
("Menzies" or the "Group")
Board Appointment and new Committees
John Menzies plc the global aviation services business, is
pleased to announce the appointment of Christian Kappelhoff-Wulff
to the Board as a non-executive director with immediate effect and
the formation of two new Board Committees.
Christian is the founder and Chief Executive Officer of
Lakestreet Capital Partners AG, an investment firm based in Zug,
Switzerland. Prior to founding Lakestreet Capital Partners AG,
Christian was a Director of Goldsmith Capital Partners AG working
directly for its founder Clemens J. Vedder for four years.
Christian brings strong capital allocation and strategic skills to
the Board.
Menzies is a pure play aviation services business operating in a
structural growth market which offers great expansion opportunities
for the Group. To ensure that these opportunities are pursued and
maximised the Board has constituted two new committees, namely;
Strategic Committee
The Strategic Committee will be tasked with keeping under review
the delivery of the Group's strategy and structure, and will
evaluate all future key strategic decisions, including significant
capital investments and any potential future M&A activity.
The committee members will be Christian Kappelhoff-Wulff
(Chair), Dermot Smurfit, Giles Wilson and Philipp Joeinig.
Performance Management Committee
The Performance Management Committee will perform regular
reviews of the Group's operations ensuring the attainment of key
operational and commercial metrics that drive the business. The
overall objective is to ensure we continually strive to achieve
best-in-class margins through our efficient and productive
operations, while delivering excellent customer service which
together will drive organic growth.
The committee members will be Philipp Joeinig (Chair), Giles
Wilson, John Geddes and Mervyn Walker.
There are no further details to be disclosed under Listing Rule
9.6.13.
Dermot Smurfit, Chairman John Menzies plc, said:
"I am pleased to welcome Christian to the Board and look forward
to his advice and guidance as we look to seize the opportunities
that exist within our markets. We continue to progress our plans to
grow our business and remain focused on margin progression while
delivering excellent customer service."
For further information:
John Menzies plc
Giles Wilson, Interim Chief
Executive Officer
John Geddes, Corporate Affairs
Director 0131 459 8018
FTI Consulting
Jonathon Brill/Alex Beagley/Fern
Duncan 0203 727 1000
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END
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