British low-cost airline EasyJet has appointed Belgian Jan De Raeymaeker as CFO. The company announced this on Monday. De Raeymaeker is currently the finance director of Lineas, a rail operator. At easyJet, De Raeymaeker succeeds Kenton Jarvis, who becomes CEO, replacing Johan Lundgren.
De Raeymaeker will start working at EasyJet in January. His annual salary will be 550,000 pounds upon appointment. He currently works at Lineas, the largest private rail freight operator in Europe. Before that, he was CFO at Brussels Airlines.
De Raeymaeker will oversee EasyJet’s finance function and other areas, including strategy, fleet management, business analysis, reporting, risk, and assurance.
Still net loss
It had been known for some time that Lundgren would be stepping down as CEO of EasyJet. The Swede has been credited with helping EasyJet recover from the difficult Covid-19 period.
He also managed to reduce the net loss for the year’s first half by 16% to 257 million pounds, or 300 million euros, thanks to a 12% capacity increase and stable cost per seat excluding fuel.
Lundgren was also the force behind EasyJet’s planned reopening of its London Southend Airport base in 2025. In March, it opened its first new base in the UK in more than a decade, in Birmingham. That base created 140 direct jobs and 1,200 indirect jobs.
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