easyJet plc (LON:EZJ) has announced that Charles Gurassa, Deputy Chairman and Senior Independent Director, and Andy Martin, Independent Non-Executive Director and Chair of the Finance Committee, have notified the Board that they intend to step down from the Board later this year in line with corporate governance best practise having each served on the Board for nine years.
Andy Martin will step down on 31 August 2020. Charles Gurassa has agreed to stay on until 31 December 2020, to help provide continuity as the Company continues to respond to the challenges of the Covid-19 pandemic.
The Nominations Committee will shortly commence a review of the composition of the Board and its Committees, including the process of identifying a new Senior Independent Director. Further announcements will be made as appropriate.
In accordance with section 430(2B) of the Companies Act 2006, the Company confirms that Charles Gurassa and Andy Martin will receive their fees up to the date of ceasing to be a Director. No other payments will be made on, or in connection with, the loss of office.
John Barton, easyJet Chairman, said:
“On behalf of the Board, I would like to thank both Charles and Andy for their very significant contribution to easyJet over the past nine years. We have benefitted greatly from their wise counsel and I am pleased that we will continue to do so over the next few months as we navigate the challenges of the Covid-19 pandemic. They will leave us with the Board’s deep gratitude and best wishes.”
