Monarch boss quits
09.02.10
Monarch Airlines is searching for a new boss after chief executive Peter Brown announced he is to step down after 8 years, Travelmole reports. Airline chairman Iain Rawlinson will take on the senior executive responsibility for the group on an interim basis, supported by the airline's 5 strong senior management committee.
Mr Rawlinson, said: ‘Peter has been instrumental in guiding the group through an important period in its long history. Monarch now has balanced exposure to both chartered and scheduled airline operations and a strong travel brand, and a supportive shareholder base. The group is emerging from the very challenging period with a sound business model that offers scope for growth in the years ahead.’
Mr Brown said: ‘I have thoroughly enjoyed my time at Monarch, having spent 8 years helping to transform the business. I am confident Monarch has a bright future and look forward to following the company’s progress in the months and years ahead. Having originally approached the board last year about stepping down, the time is now right to move on and I am looking forward to a new challenge’.
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