Menzies(John) PLC Board Changes (1486R)
26 June 2020 - 4:00PM
UK Regulatory
TIDMMNZS
RNS Number : 1486R
Menzies(John) PLC
26 June 2020
26 June 2020
John Menzies plc
Board Changes
John Menzies PLC (the "Group"), the global Aviation services
business, today announces changes to its executive leadership.
Giles Wilson, Chief Executive Officer, has informed the Board of
his intention to leave the Group and take up the position of Chief
Financial Officer with William Grant & Sons. Giles will stay
with the business until 31 August 2020 to ensure a seamless
transition of his duties.
To streamline the executive structure Giles Wilson will not be
replaced. Philipp Joeinig, Executive Chairman, who brings
significant aviation industry experience, will take a more active
role in over-seeing the running of the Group. The senior executive
team will now consist of Mervyn Walker, Chief Operating Officer,
Alvaro Gomez-Reino, Chief Financial Officer and John Geddes,
Corporate Affairs Director who will increase their duties as
required and will each report directly to Philipp Joeinig.
To ensure an appropriate level of corporate governance is
maintained the Group has initiated a search for a new independent
non-executive director to ensure a majority of independent
directors exists. In addition, with immediate effect David Garman,
Deputy Chairman, will become chair of the Nomination Committee.
Philipp Joeinig, Executive Chairman said:
"I would like to record my thanks to Giles who has made a
substantial contribution to the Group over the last 9 years. He
leaves us with our very best wishes, and I am sure he will be a
great success in his new role."
"I remain excited about the future for Menzies. We are a very
strong market participant with excellent prospects as the sector
begins to recover. As we announced earlier this week our
medium-term liquidity position is secure and we look forward to
building our business back up as flying schedules return. Our
outlook is positive, and we have an excellent, experienced
leadership team who will drive our ambitious growth agenda."
For further information:
John Menzies plc 0131 459 8044
John Geddes, Corporate Affairs Director
FTI Consulting 0203 727 1000
Jonathon Brill/Fern Duncan
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END
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