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EasyJet CEO Johan Lundgren will step down from the low-cost carrier early next year and be replaced by Chief Financial Officer Kenton Jarvis.
LundgrenHe will have been in the top job for seven years when he steps down, guiding the airline through the pandemic crisis and outlining ambitious growth plans in October that saw him order more than 150 aircraft.
However, like many airlines, easyjetDespite the current travel boom, management has struggled to get investors to fully support the company's vision, and the company's stock has languished 60% below pre-pandemic levels.
Mr Jarvis joined easyJet in 2021 and previously ran travel company Tui's aviation business.
The management change comes after easyJet reported lower winter losses on Thursday and said it was “focused on another record summer.”
Summarize this content to 100 words Unlock Editor's Digest for freeFT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter.EasyJet CEO Johan Lundgren will step down from the low-cost carrier early next year and be replaced by Chief Financial Officer Kenton Jarvis.LundgrenHe will have been in the top job for seven years when he steps down, guiding the airline through the pandemic crisis and outlining ambitious growth plans in October that saw him order more than 150 aircraft.However, like many airlines, easyjetDespite the current travel boom, management has struggled to get investors to fully support the company's vision, and the company's stock has languished 60% below pre-pandemic levels.Mr Jarvis joined easyJet in 2021 and previously ran travel company Tui's aviation business.The management change comes after easyJet reported lower winter losses on Thursday and said it was “focused on another record summer.”
https://www.ft.com/content/85c480a0-a773-4a2f-93b9-7c22a701bc5d EasyJet boss Johan Lundgren to resign next year
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