EasyJet is welcoming a new Chief Financial Officer, Jan De Raeymaeker, who will step into the role on 20 January, succeeding Kenton Jarvis following his promotion to Chief Executive earlier this year.
De Raeymaeker, who currently leads Finance, Legal and Purchasing divisions at Lineas, Europe's leading private rail freight operator, joins the airline amidst an executive shift initiated by former CEO Johan Lundgren's announcement to depart in 2025 after steering the company for seven years, as reported by .
Jarvis will assume leadership as CEO from 1 January.
Bringing experience from his time as CFO of Brussels Airlines, where he was instrumental in overhauling the finance function during a period of commercial repositioning, De Raeymaeker's immediate challenge is to revitalise EasyJet's share value, which has dipped by two percent this year, even as travel demand surges throughout Europe.
The low-cost airline posted a robust 16 percent gain in third-quarter profits in July, capitalising on one of the most intense summer flying periods recorded. However, despite these strong figures, shares remain subdued amid investor worries that declining ticket prices could erode future earnings.
De Raeymaeker shared his enthusiasm about his new post, remarking, "I am excited to be joining easyJet at this important stage in its growth journey and look forward to working with Stephen, Kenton and the management team," signalling optimism for his tenure in the company's upward trajectory.
Kenton Jarvis, Chief Executive Designate, stated: "Jan brings with him a deep knowledge of the transport and airline sector, which we believe will be of significant benefit to easyJet going forward, and his financial and commercial acumen will be critical as we continue to build towards the delivery of our medium term targets and our purpose of making low cost travel easy."
