Flybe loses finance boss as part of reshuffle under its new CEO

City A.M. Reporter
EUROPE’S largest regional airline Flybe, which appointed a new chief executive last month, said yesterday its chief financial officer and three board members had resigned.

The group said that Andrew Knuckey, who has been CFO since 2007, would leave the company after his successor is appointed and a suitable handover period is completed.

Flybe appointed former EasyJet and Air Berlin executive Saad Hammad as its CEO last month. Hammad took charge on 1 August, replacing Jim French as he steps back into the chairman’s role.

The airline yesterday also appointed Paul Simmons as chief commercial officer from October. Simmons joins from EasyJet where he was director of the UK market.

Flybe added that three board members – the director of corporate strategy, the managing director of outsourcing solutions and the managing director of Flybe UK – would step down from the board immediately.

The firm has sold its landing slots at Gatwick and cut 590 jobs this year as part of a turnaround plan.