Posted on: 26 October 2016 by Bernie Baldwin
Flybe CEO Saad Hammad stepped down from his role with immediate effect, a move described by the company as being “by mutual agreement”.
In the company’s release, the Flybe Board said it recognised “the substantial contribution Saad Hammad has made and both the board and Saad believe it is time for a new chief executive officer to lead the next phase of Flybe’s long-term development”.
A search is under way for a new CEO, but in the interim, the airline’s non-executive chairman Simon Laffin has assumed the role of executive chairman. On Hammad’s departure, Laffin commented, “The Board would like to thank Saad for his energy and drive which has been a major contributor towards Flybe’s transformation over the last three years. He mapped out a clear vision for the Group and led it to a significantly stronger position. We wish him well for his next challenge.
“Whilst the whole aviation industry faces a challenging market environment, Flybe remains well placed. Our strategy remains to focus on regional routes and to provide an excellent service to our customers,” Laffin added.
Hammad joined Flybe in August 2013 and has led a significant transformation of Flybe into “a focused regional airline with a strong balance sheet, robust operations and an excellent customer proposition”.
Hammad himself remarked, “I am very proud of what we have achieved over the last three years with a major turnaround in Flybe. Now is the right time for me to move on to a fresh challenge. I would like to thank all company employees for their hard work, passion and commitment and wish them all the best.”
Flybe will announce its half-year results for the period to 30 September 2016 on 9 November 2016.