DECEMBER 14TH, 2016
Stobart Group Limited: Deputy Group CEO Appointment
Stobart Group is pleased to announce that Warwick Brady will join the Group on 3 January 2017 as Deputy Group CEO. It is intended that Warwick will join the Board following the Group’s Annual General Meeting in June 2017. Warwick was Chief Operating Officer of easyJet plc until 30 September 2016 and has extensive commercial and management experience which will be extremely valuable to the Group, as a whole, and its Aviation division, in particular.
As Chief Operating Officer at easyJet, Warwick was instrumental in developing a highly efficient, low-cost, customer-focused operation and delivering significant value for shareholders. Warwick has extensive Aviation and broad business experience at senior level and has managed high growth, low cost airlines and start-up businesses. He was CEO at Mandala Airlines in Asia and spent two years as Chief Operating Officer of Air Deccan/Kingfisher in India. Prior to that, Warwick was Deputy Operations Director at Ryanair from 2002 to 2005, where he held various senior executive roles including Deputy CEO of Buzz, following its acquisition from KLM. Warwick is also a non-executive Director of FirstGroup plc, a £5bn train and bus business which operates in the UK and USA.
Andrew Tinkler, Group CEO of Stobart said, “I am delighted that Warwick has agreed to join us and I look forward to working with him. His commercial and operational experience will benefit the whole Group and his proven aviation industry expertise will provide added impetus as we build on the platform we have created in our Aviation Division.”
Warwick Brady, Deputy Group CEO of Stobart commented, “I have known Andrew for several years through the relationship between easyJet and Stobart at London Southend Airport and l am excited to be joining the team. I have followed the Group’s progress as it has built valuable platforms in Aviation, Energy, Infrastructure and Rail on the back of its logistics and customer service expertise and I hope to be able to help all of the divisions to create value. With the increasing pressure on the limited capacity at London’s other airports, I see London Southend Airport as very well placed and I look forward to helping to unlock the potential of the airports and the regional airline business.”
There are no further disclosures to be made in connection with Warwick Brady’s appointment pursuant to paragraph 9.6.13 of the Financial Conduct Authority’s Listing Rules. This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.