EasyJet’s Board of Directors has outlined a well-defined succession plan for their Chief Executive Officer, Johan Lundgren.
The leadership transition comes as the incumbent Mr. Lundgren prepares to step down for the leading role in early 2025.
A Smooth Transition to New CEO
Mr. Lundgren will step down as CEO in early 2025, following a successful seven-year tenure. Kenton Jarvis, who joined easyJet in February 2021, will seamlessly take over the reins as CEO.
Mr. Jarvis has served as both a Board member and the company’s Chief Financial Officer since his arrival. He will continue in his CFO role during the transition period, while a search for his successor gets underway.
Reflecting on Leadership
Sir Stephen Hester, Chair of easyJet, expressed his appreciation for Mr. Lundgren’s contributions: “We are sorry to see Johan depart easyJet. He has served as an exceptional CEO since December 2017.”
“He expertly guided the company through the unprecedented challenges of the COVID-19 pandemic. Mr. Lundgren has also established a clear strategy and a robust execution plan to achieve easyJet’s ambition of becoming ‘Europe’s most loved airline’.”
“It delivered benefits for customers, shareholders, and employees alike. We remain optimistic about the future, and Johan’s continued presence throughout the remaining year will ensure a strong conclusion to 2024.”
Welcoming the Future
Sir Hester expressed his enthusiasm for the appointment of Mr. Jarvis. “We are thrilled to announce Kenton Jarvis as our incoming CEO, ensuring a smooth and orderly handover.”
“This decision follows a comprehensive selection process that considered a strong pool of internal and external candidates.”
“With a focus on delivering our medium-term plan and the associated financial goals outlined earlier this year, we believe Kenton is the ideal leader for our executive team.”
“Since joining easyJet in 2021, he has consistently impressed us. He fully embraces our strategic vision and is prepared to hit the ground running.”
Current CEO Johan Lundgren Comments
Johan Lundgren, the outgoing CEO, congratulated Mr. Jarvis on his well-deserved appointment: “I fully support Kenton’s nomination as my successor.”
“I will work closely with him and the entire executive team to achieve our goals for this year and ensure a seamless handover by the end.”
“While significant milestones remain within the year, I will ultimately leave easyJet with immense loyalty and pride in the progress we’ve made and the exciting potential this company holds for the future.”
Incoming CEO Kenton Jarvis Comments
Kenton Jarvis, the incoming CEO, expressed his gratitude for the opportunity. “I am honored to be appointed as easyJet’s next CEO. And I extend my sincere thanks to the Board and my colleagues for their trust and confidence.”
“I have unwavering faith in the future of our airline, fueled by the exceptional talent and dedication of our frontline staff. And I am incredibly proud to lead our teams as we unlock easyJet’s remarkable potential.”
EasyJet, a prominent European low-cost airline, has its headquarters in London. They operate a vast network of scheduled passenger flights across more than 34 countries.
With a focus on affordability, easyJet offers a convenient and cost-effective way to travel across Europe.
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