Flybe today announced that Saad Hammad has by mutual agreement stepped down from his role as Chief Executive Officer of Flybe with immediate effect.
The Board recognises 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 has commenced for a new Chief Executive Officer. Simon Laffin, Non-executive Chairman, has assumed the role of Executive Chairman until a new CEO is appointed.
Saad Hammad joined Flybe in August 2013 and has led the significant transformation of Flybe into the regional airline it is today – a focused regional airline with a strong balance sheet, robust operations and an excellent customer proposition.
Flybe will announce its half-year results for the period to 30th September 2016 on 9th November 2016.
Simon Laffin, Executive Chairman, said:
“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.”
Saad Hammad said:
“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.”