British Airways PLC
09 October 2006
COMMERCIAL DIRECTOR RESIGNS
Martin George, Commercial Director, has today resigned his position with the
airline. He has been on leave of absence since June 2006 when the Office of
Fair Trading and the US Department of Justice began an investigation focused on
long-haul passenger fuel surcharges. Iain Burns, British Airways' Head of
Communications, has also resigned with immediate effect.
In a letter to Martin Broughton, Chairman of British Airways, Martin George
said:
'It is with regret that I notify you of my decision to step down as Commercial
Director of British Airways with effect from the above date. This decision
applies both to my position as an employee of British Airways Plc and as a
director on the main and subsidiary company boards of the British Airways group.
'I now recognise that within my department, there may have been inappropriate
conversations in violation of Company policy in relation to long haul fuel
surcharges. I was not involved in such conversations. Although the Board of BA
have not found that I have behaved in a dishonest way, I fully recognise my
responsibilities as Head of Department and as a Board Director.
'As you know, becoming a Board Member of British Airways has been the highlight
of my career so far. I remain committed to doing what I can in the interests of
the airline, to which I have dedicated my last 19 working years. I have always
taken my responsibilities as a Director and Board Member very seriously and I
therefore depart with deep regret, whilst believing that departing is, in these
circumstances and for these reasons, nevertheless, the right course.'
Robert Boyle, British Airways' Director of Planning, has been appointed
Commercial Director with immediate effect.
Thomas Coops, former Communications Director at Abbey National has been
appointed interim Head of Corporate and Media Relations. He will be responsible
for providing communications advice to the Company and managing Media Relations.
He replaces Iain Burns.
Ends
9 October 2006 103/KG/2006
Certain information included in this statement may be forward-looking and
involves risks and uncertainties that could cause actual results to differ
materially from those expressed or implied by the forward looking statements.
Forward-looking statements include, without limitation, projections relating to
results of operations and financial conditions and the Company's plans and
objectives for future operations, including, without limitation, expected future
revenues, financing plans and expected expenditures and divestments. Any
forward-looking statements in this announcement are based upon information known
to the Company on the date of this announcement. The Company undertakes no
obligation to publicly update or revise any forward-looking statement, whether
as a result of new information, future events or otherwise.
It is not reasonably possible to itemise all of the many factors and specific
events that could cause the Company's forward looking statements to be incorrect
or that could otherwise have a material adverse effect on the future operations
or results of an airline operating in the global economy. Information on some
factors which could result in material difference to the results is available in
the Company's SEC filings, including, without limitation the Company's Report on
Form 20-F for the year ended March, 2006.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.