Wizz Air shares fell 6.2% to 2,183p in late morning trading on Monday after the group announced CFO Jourik Hooghe would be resigning to “pursue opportunities outside the company.”
Hooghe said he would remain with the company over the transition period until 31 December 2022, after which he will reportedly be replaced by Ian Malin, who is set to join Wizz Air on 1 October 2022.
Malin will be based in Budapest, reporting to the CEO. Wizz Air confirmed he would be assuming responsibility for digital development, investor relations, financial planning and controlling, accounting and treasury.
Malin’s previous work experience includes time spent at KPMG, Allco Finance Group, Seabury, the AJW Group and Unical Aviation over the past 22 years.
“I am delighted to welcome Ian to the company. He joins at an exciting time as Wizz Air drives long term growth based on a deep aircraft order book and ambitious expansion plans in Europe and the Middle East. I look forward to working with him in the coming years,” said Wizz Air CEO József Váradi.
“I would also like to take this opportunity to thank Jourik for his contribution to the company over the past three years, probably the most challenging period for any airline CFO. I certainly wish him the very best for the future.”