TIDMJET2
RNS Number : 3413L
Jet2 PLC
05 September 2023
5 September 2023
Jet2 plc
("Jet2", "the Group" or "the Company")
Robin Terrell appointed Independent Non-Executive Chairman
Jet2 plc , the Leisure Travel Group, announces that with effect
from today's date, Robin Terrell, the Company's current Senior
Independent Non-Executive Director, has been appointed as
Non-Executive Chairman.
Following the announcement on 6 July 2023 of Philip Meeson's
intention to step down as Executive Chairman, his remaining
executive responsibilities have now been fully handed over. In
parallel, the Board has collectively and carefully considered the
qualities, skillset and experience required of a new Non-Executive
Chairman. Of particular importance was the need to ensure a
seamless leadership transition together with the requirements to
support the Company's continued growth ambitions, uphold its
established values of People, Service, Profits and contribute to
its long-term success in continuing to deliver a Customer First
experience. Furthermore, the Board recognised that practical
experience of the business and its culture, plus strong
relationships with the senior management team, were key criteria
for any appointment to ensure continuity of culture and
strategy.
Consequently, it was unanimously agreed that the natural
candidate for the role should be Robin Terrell.
Robin was appointed as an Independent Non-Executive Director in
April 2020, just as the Covid-19 pandemic was taking hold. Since
then, Robin has helped the Company navigate the most tumultuous
period in its history and also taken on the expanded remit of Chair
of both the Company's Audit & Risk Committee and Remuneration
Committee. In November 2022, he was appointed as the Company's
Senior Independent Non-Executive Director.
Robin has had a highly successful executive career, originally
qualifying as a Chartered Accountant, and going on to lead online
and retail businesses including Amazon UK, John Lewis Direct and
Tesco UK. His background in online and consumer industries is
ideally suited to supporting the executive team as they lead the
Company's next phase of development and ensuring the continuation
of the Company's laser sharp focus on the customer experience which
has been so successfully embedded by Philip Meeson and Chief
Executive Officer, Steve Heapy.
Robin will succeed Philip with effect from today with Philip
standing down from the Board and moving to the position of Founder
& Adviser, allowing the Company to continue to draw on his
wisdom and experience from leading the Group over the last four
decades as appropriate.
On an interim basis, Robin will remain Chair of the Company's
Audit & Risk Committee pending the recruitment of a further
Independent Non-Executive Director who has recent and relevant
financial experience, at which point he will step down from the
Audit & Risk Committee. Simon Breakwell will take on the role
of Chair of the Remuneration Committee with effect from today, with
Robin remaining a member of that committee.
As a consequence, at the Company's Annual General Meeting on
Thursday, 7 September 2023 it is the Company's intention that the
resolution to re-appoint Philip Meeson will be withdrawn.
Philip Meeson commented:
"I am delighted that Robin has agreed to become our
Non-Executive Chairman. Robin's background across consumer and
online industries has already proven to be of significant benefit
to the Company and I am absolutely certain he will be a fantastic
Chair, providing great support to Steve and Gary. Although I am
stepping back from the Board, I'm proud to remain a significant
shareholder and will remain a strong supporter of the business. I
am confident that, thanks to our outstanding team across the
business, the Company will go on to enjoy even greater success in
the future".
Robin Terrell, Non-Executive Chairman, commented:
"It is an immense privilege to be asked to chair a company of
the calibre of Jet2 plc and I am very much looking forward to this
new challenge. Over my three years with the Company, I have seen
first-hand the unmatched customer focus, attention to detail and
level of engagement from Colleagues around the business and it has
been a pleasure to be a member of the Board. Philip can be rightly
proud of the fantastic, financially robust business he has
developed with the team over the last four decades, leading
Jet2.com to become the UK's third largest airline with a fleet of
up to 146 of the latest fuel-efficient Airbus A321/A320neo aircraft
on order and growing Jet2holidays to become the UK's largest tour
operator. I am delighted that we will be able to draw on Philip's
wisdom and experience when required and I look forward to his
continuing support."
Steve Heapy, Chief Executive Officer, commented:
"As a result of his determination and unstinting commitment to
Jet2, Philip has enabled countless UK consumers to enjoy value for
money, Customer First holiday experiences across Europe, whilst
creating significant employment throughout the aviation and travel
sectors. On behalf of all Jet2 Colleagues, I want to pay tribute to
his remarkable career and we look forward to his continued support
as an adviser. I am very pleased that Robin has agreed to become
our Non-Executive Chairman. We have worked well together in the 3
years that Robin has been on the Board, and his new role will be
pivotal as we continue our unwavering commitment to our Customers
and deliver on our strategy to be the UK's Leading and Best Leisure
Travel company."
Enquiries:
Jet2 plc
Robin Terrell, Non-Executive Chairman
Gary Brown, Group Chief Financial Officer 0113 239 7692
Cenkos Securities plc
Nominated Adviser
Katy Birkin / Camilla Hume 020 7397 8900
Canaccord Genuity
Joint Broker
Adam James 020 7523 8000
Jefferies International Limited
Joint Broker
Ed Matthews
Becky Lane 020 7029 8000
Buchanan
Financial PR
Richard Oldworth 020 7466 5000
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September 05, 2023 02:00 ET (06:00 GMT)
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