EasyJet CEO McCall to step down

Glen Mclaughlin
July 17, 2017

McCall has experience in the media sector, having previously been group CEO of newspaper company Guardian Media Group before joining EasyJet, where she is credited with leading the business to a significant uptick in fortunes and shareholder returns.

ITV has appointed Dame Carolyn McCall as its new chief executive, in a move that will see her leave easyJet after seven years at the helm of the carrier.

McCall will earn 900,000 pounds in annual salary at ITV, plus a bonus worth up to 180 per cent of salary and a long-term incentive plan worth up to 265 per cent of salary, broadly in line with Crozier's compensation, the broadcaster said.

Luton based Easyjet's chief executive has been named as the new head of ITV.

"I will always miss Easyjet and most of all I will miss Easyjet's people whose Orange Spirit helps them do their best to make travel easy and affordable for their customers every day", said McCall.

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ITV, also listed on London's blue-chip index, has been searching for a successor to Adam Crozier, who left at the end of June.

Crozier built the broadcaster's worldwide business during his seven-year tenure at ITV as part of a successful turnaround strategy. Like ITV, the airline is a FTSE 100 company, and McCall is one of a handful of female CEOs among these elite firms. "easyJet's innovative approach has driven both passenger loyalty and growth and delivered sustained success for easyJet's shareholders".

She also sits on the board of the Department of Business, Energy and Industrial Strategy and is a Trustee at the Royal Academy. Ian Griffiths, ITV's chief operating officer and group finance director, has been leafing the executive team on an interim basis.

Crozier is widely considered to have turned around ITV's fortunes since replacing Michael Grade as CEO in 2010, although the firm has been hit by concerns over advertising revenues after the UK's decision to leave the European Union.

Other reports by MaliBehiribAe

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