Erik Venter bids Comair farewell | Fin24
 
Loading...

Erik Venter bids Comair farewell

May 21 2019 20:54

The Comair board has announced that CEO Erik Venter has resigned from the company to pursue his own interests.

Comair operates under its low-fare airline brand, kulula.com, as well as under the British Airways livery, as part of a license agreement.

Venter, who has been with Comair for 23 years - 13 of them as CEO - leaves at the end of July 2019.

The board has not yet decided on a new appointment. Board chair, and himself a former Comair CEO, Piet van Hoven, says Venter, who is only the fifth CEO in the company's 73-year history, leaves Comair in a much stronger position than when he started.
 
"When Erik took over Comair was almost exclusively dependent on its airline businesses which are notoriously subject to seasonal and economic vagaries," said Van Hoven in a statement.

"He conceived and led our diversification strategy. Other group businesses now contribute nearly 30% of profit before tax, a proportion that is growing."

These businesses include the group’s investment in an aviation training academy with a global customer base, as well as its SLOW lounge business, its Food Directions catering unit, its travel business and its investment in technology solutions for tourism, travel and aviation.

Wrenelle Stander, an industry veteran and former Comair director, who has now returned to the board, is a recent addition to an executive team, which collectively has over 100 years’ experience at the airline.

Stander was appointed executive director responsible for the airline business in September last year.

kulula.com  |  british airways  |  comair  |  aviation  |  airlines
NEXT ON FIN24X

 
 
 
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

SARS has lifted the tax return threshold from R350 000 to R500 000 per year. What are your thoughts on this??

Previous results · Suggest a vote

Loading...