CEO Saad Hammad is "stepping down":
http://www.investegate.co.uk/flybe-g...0261034455072N
Flybe today announces that Saad Hammad has by mutual agreement stepped down from his role as Chief Executive Officer of Flybe with immediate effect. The Board recognises the substantial contribution Saad Hammad has made and both the board and Saad believe it is time for a new Chief Executive Officer to lead the next phase of Flybe's long-term development.
A search has commenced for a new Chief Executive Officer. Simon Laffin, Non-executive Chairman, has assumed the role of Executive Chairman until a new CEO is appointed.
Saad Hammad joined Flybe in August 2013 and has led the significant transformation of Flybe into the regional airline it is today - a focused regional airline with a strong balance sheet, robust operations and an excellent customer proposition.