John Menzies PLC, the global Aviation services business, today announced changes to its executive leadership. Giles Wilson, Chief Executive Officer, has informed the Board of his intention to leave the Group.
Wilson will take up the position of Chief Financial Officer with William Grant & Sons but will stay with Menzies until 31 August 2020 to ensure a seamless transition of his duties.
This news comes just days after Menzies shared their recent trading update, which stated that the spread of Covid-19 has had a significant adverse impact on the group’s financial performance and they are well below revenue targets.
To streamline the executive structure Giles Wilson will not be replaced. Philipp Joeinig, Executive Chairman, who brings significant aviation industry experience, will take a more active role in overseeing the running of the Group.
The senior executive team will now consist of Mervyn Walker, Chief Operating Officer, Alvaro Gomez-Reino, Chief Financial Officer and John Geddes, Corporate Affairs Director who will increase their duties as required and will each report directly to Philipp Joeinig.
To ensure an appropriate level of corporate governance is maintained the Group has initiated a search for a new independent non-executive director to ensure a majority of independent directors exists. In addition, with immediate effect David Garman, Deputy Chairman, will become chair of the Nomination Committee.