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EasyJet chief stepping down at year-end
CEO Johan Lundgren will step down at easyJet in early 2025.
The company announced a succession plan with chief financial officer, Kenton Jarvis set to take over.
The transition takes place on 1 January 2025.
Lundgren will stay on until mid-May to ensure an ‘orderly’ succession.
Lundgren joined from TUI and became CEO of easyJet in 2017.
“Johan has done an excellent job as our CEO steering the company through the immense challenges of the Covid period, and setting up a clear strategy and strong execution plan,” said chairman Stephen Hester.
“There is good positive momentum and Johan will be with us to close out the current year.”
The move was revealed as easyJet gave a trading update for the six months to the end of March.
Easyjet said it has sold more than three-quarters of seat capacity for the current quarter to the end of June and 40% are sold for the July to September period.
Tour operator Easyjet Holidays will likely generate £170m of profit before tax, it says.
Overall, the company business is still on track to meet its target of over £1bn in pre-tax profit.
“Our two newest bases, Alicante and Birmingham, are achieving passenger numbers well above the network average and we have announced a tenth UK base at London Southend from next March,” Lundgren said.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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