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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Menzies(john) Plc | LSE:MNZS | London | Ordinary Share | GB0005790059 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 607.00 | 607.00 | 608.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMMNZS
RNS Number : 1486R
Menzies(John) PLC
26 June 2020
26 June 2020
John Menzies plc
Board Changes
John Menzies PLC (the "Group"), the global Aviation services business, today announces changes to its executive leadership.
Giles Wilson, Chief Executive Officer, has informed the Board of his intention to leave the Group and take up the position of Chief Financial Officer with William Grant & Sons. Giles will stay with the business until 31 August 2020 to ensure a seamless transition of his duties.
To streamline the executive structure Giles Wilson will not be replaced. Philipp Joeinig, Executive Chairman, who brings significant aviation industry experience, will take a more active role in over-seeing the running of the Group. The senior executive team will now consist of Mervyn Walker, Chief Operating Officer, Alvaro Gomez-Reino, Chief Financial Officer and John Geddes, Corporate Affairs Director who will increase their duties as required and will each report directly to Philipp Joeinig.
To ensure an appropriate level of corporate governance is maintained the Group has initiated a search for a new independent non-executive director to ensure a majority of independent directors exists. In addition, with immediate effect David Garman, Deputy Chairman, will become chair of the Nomination Committee.
Philipp Joeinig, Executive Chairman said:
"I would like to record my thanks to Giles who has made a substantial contribution to the Group over the last 9 years. He leaves us with our very best wishes, and I am sure he will be a great success in his new role."
"I remain excited about the future for Menzies. We are a very strong market participant with excellent prospects as the sector begins to recover. As we announced earlier this week our medium-term liquidity position is secure and we look forward to building our business back up as flying schedules return. Our outlook is positive, and we have an excellent, experienced leadership team who will drive our ambitious growth agenda."
For further information:
John Menzies plc 0131 459 8044
John Geddes, Corporate Affairs Director
FTI Consulting 0203 727 1000
Jonathon Brill/Fern Duncan
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
June 26, 2020 02:00 ET (06:00 GMT)
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