SOUTHAMPTON Airport’s largest operator Flybe has revealed a major management shake-up as it tries to make multi-million-pound savings.
The company has announced the appointment of Saad Hammad as chief executive officer with effect from August 1.
He will replace Jim French, who will become non-executive chairman from the same date.
The appointment comes after the company, which has its headquarters in Exeter, has reported losses of more than £40m.
But Flybe revealed that it hopes to make annual savings of £50m by 2014/15 after slashing more than 20 per cent of its workforce and cutting pilot pay by up to five per cent.
It has already cut around 490 roles, with a further 90 planned in the current financial year.
New chief executive Mr Hammad was chief commercial officer of easyJet plc from October 2005 to April 2009.
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