PPRuNe Forums - View Single Post - Sir Stelios Haji-Ioannou Demands Fastjet Directors be Sacked
Old 19th Apr 2016, 22:36
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Phone Wind
 
Join Date: Feb 2004
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From the Annual Report 2014 (they still haven't published one for 2015
Fastjet Financial Report 2014

Richard Bodin CCO and COO Fastjet, total remuneration $512,000 pa.

Colin Child, CEO has a great history of success:
Child’s last posting was as chief finance officer at banknote printer De La Rue, but he left in January after the company’s share price halved during his tenure amid a string of profit warnings.

He held the same position before that at commercial property agent DTZ, but departed after its share price tanked 98 per cent.

I fear bespectacled beancounter Colin might not be a man with whom to go tiger shooting.
Nick Cane was only appointed a director on 18th September 2014 and his remuneration for a period of 3 1/2 months was $263k and Krista Bates appointed a director on 1st June 2014 had a remuneration package of $318k.

Angus Saunders, who resigned from the company in the first week of July 2014 had a remuneration package that year of $377k.

All, of this for a bunch of expats based in Gatwick running a loss-making 'airline' with just 3 A319s in Africa. People wonder why the company is losing money. They still haven't published a financial report for 2015 or released their passenger numbers for 2016 so far
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