Fastjet announces Board change
fastjet has announced that Angus Saunders is stepping down as chief financial officer and executive director of the board for personal reasons.
Nick Caine, currently chief financial officer of Fiji Airways, has been selected as his successor as chief financial officer and a director of the company, and will take over the role on 11 August 2014. Angus and Nick will work together during the next two months to ensure a smooth and orderly succession.
Ed Winter, Interim chairman and chief executive of fastjet, said: "While we are sad to see Angus leave, we thank him for his contributions during an important growth period in fastjet's history and wish him well for the future. We are pleased to welcome Nick, who has a strong track record in the aviation industry, in particular with airline start-ups, and we look forward to his involvement in fastjet's next stage of growth."
Caine joined Fiji Airways in 2010 as chief financial officer and during his time there has been instrumental in returning the airline to profitability, securing financing for the new wide-body fleet and delivering significant cost savings. Nick's aviation career has spanned both traditional airlines, including British Airways and South African Airways, and low cost airlines Jetstar Pacific, as CFO based in Vietnam, and easyjet, as Head of Financial Planning from 2002 to 2006.
Caine said: "I am very excited about joining the fastjet team at this important stage in the airline's development. The airline is expanding its international route network and is well on its way to becoming the continent's first true pan-African carrier. I look forward to helping bring affordable, high-quality air travel to the people of Africa."