Wizz Air Holdings PLC Extension of CEO Service Agreement (8147E)
10 November 2020 - 7:40PM
UK Regulatory
TIDMWIZZ
RNS Number : 8147E
Wizz Air Holdings PLC
10 November 2020
Extension of CEO Service Agreement
Ticker: WIZZ
Geneva, 10 November 2020: Wizz Air Holdings Plc ("Wizz Air" or
the "Company" and, together with its subsidiaries, the "Group")
announced today an agreement with József Váradi, the Group's Chief
Executive Officer, in respect to a new service contract with the
Group. The contract term is indefinite and the terms of his service
agreement are materially the same as his existing agreement. This
underlines the Board's confidence in Wizz Air's entrepreneurial
leadership, agility and strength going forward under József
Váradi.
Bill Franke, Chairman, commented: "József is our founding CEO.
He has been a major driving force in developing Wizz Air into a
leading player in European aviation and one of the world's true
ultra-low-cost carriers. We are pleased he will continue to lead
the business. While aviation is globally facing the most
challenging period in its history, the Wizz Air business model,
strategy and cost base positions it to be a long-term structural
winner in the sector."
- Ends -
For more information:
Investors: Evelin Horvath, Wizz Air +41 22 555 9863
Media: András Radó, Wizz Air: +36 1 777 9412
Edward Bridges / Jonathan Neilan,
FTI Consulting LLP: +44 20 3727 1017
ABOUT WIZZ AIR
Wizz Air, the fastest growing and greenest European low-cost
airline, operates a fleet of 134 Airbus A320 and A321 aircraft. A
team of dedicated aviation professionals delivers superior service
and very low fares, making Wizz Air the preferred choice of 40
million passengers in the financial year F20 ending 31 March 2020.
Wizz Air is listed on the London Stock Exchange under the ticker
WIZZ. The company was recently named one of the world's top ten
safest airlines by airlineratings.com, the world's only safety and
product rating agency, and 2020 Airline of the Year by ATW, the
most coveted honour an airline or individual can receive,
recognizing individuals and organizations that have distinguished
themselves through outstanding performance, innovation, and
superior service.
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END
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