Flybe appoints new chief exec

 
Suzie Neuwirth

AIRLINE Flybe announced today that it has appointed Saad Hammad as chief executive, effective from 1 August.

Hammad has previously held a number of roles at airlines. He was chief commercial officer of easyJet and a non-executive director of Air Berlin.

He is currently a managing director at private equity firm Gores Group.

Flybe chairman and chief executive Jim French will become non-executive chairman, also effective 1 August.

“We are delighted to welcome Saad to Flybe,” said French. “He brings with him a wealth of industry experience as well as a track record of leadership and board positions across a range of public and private businesses and we are very much looking forward to working with him.

“Flybe has recently updated the City on the significant progress made in its major turnaround plan which is on track to deliver over £50m in long-term cost savings and has generated over £40m in cash to fund the transition.

“The next key elements of the plan are to capitalise on its revised competitive low cost-base and Flybe's strong brand profile.”