Who is Kenton Jarvis, easyJet's next CEO?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 16 2024
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Source: reuters
- EasyJet CEO Transition: EasyJet announced that CFO Kenton Jarvis will take over as CEO in early 2023 after Johan Lundgren's departure, causing a 4% drop in shares.
- Kenton Jarvis Background: Jarvis, 56, has a biochemistry degree and worked at PwC before joining TUI, where he held various roles, including CFO of tourism and CEO of the aviation division.
- Experience with EasyJet: Jarvis joined easyJet in 2021, played a key role in strategy development, secured aircraft orders, and contributed to expanding holiday revenue.
- Continuity and Strategy: Analysts view Jarvis's appointment positively for continuity, noting it is unusual for a CFO to become CEO in the airline industry, especially in Europe.
- Future Goals: Jarvis plans to continue executing easyJet's strategy, aiming for a £1 billion pretax profit and further growth in holiday revenue.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
