Posted on: 13 June 2011 by Ross McSweeny
Regional Express (Rex) has announced that its its managing director Jim Davis will retire from the role on 1 July, though he will remain a member of the board as an independent director.
Davis has been with the company since its beginning, as the chief pilot of Hazelton Airlines which was one of the two component airlines of Rex. He was subsequently appointed the chief of staff to the executive chairman in 2007 and took on the managing director role in May 2008. His responsibilities will be largely assumed by Chris Hine who was recently promoted to the position of chief operating officer and board member on 1 March 2011. No replacement for Davis is being envisaged at this stage.
Fellow Rex director Russell Hodge, has also announced his decision to retire from the Rex board and its subsidiaries with immediate effect. Hodge, originally a significant shareholder and director of Pel-Air Aviation, joined the Rex board as an independent director in September 2005 when Rex began its acquisition of Pel-Air. Hodge was also the chairman of the Group’s safety and risk management committee until February 2011 when incoming director Ron Bartsch took over.
Rex chairman Lim Kim Hai commented, “I would like to thank Jim and Russell on behalf of the shareholders and board for their services. They brought to the board more than half a century of aviation experience and their steady hands were instrumental in guiding the Group through some of the worst crises the aviation world has ever experienced. I wish Russell a happy and well deserved retirement and look forward to Jim’s ongoing involvement as an independent non-executive director of Rex.”