Comair replaces CEO with two top guns

comair

South Africa’s Comair Ltd., said it has replaced its outgoing chief executive officer, Erik Ventre, with two co-CEOs.

Erik Ventre resigned last week for ‘personal reasons’.

The company said in a brief statement that:

“The Board congratulates Ms. Stander and Mr. Orsmond on their appointment and looks forward to their contribution to the Company going forward.”

The local airline said its chief financial officer, Glen Orsmond and Wrenelle Stander, a current executive director, will now act as co-chief executives.

Comair said Mr. Venter “will remain in the role of CEO of the Company until 31 July 2019 during which time he will mentor and provide assistance to Mr Orsmond and Ms Stander in their new roles and responsibilities.”

Over the last 25 years Ms Stander has served across the private, public and NGO sectors of the economy. Ms Stander has held the positions of Deputy Chief Executive Officer of the South African Civil Aviation Authority, Manging Director of the of the Air Traffic and Navigation Service Company, Managing Director of Sasol Gas and Senior Vice President of Public Affairs of Sasol. She is currently an executive director of Company and heads up the Company’s airline business. She holds a BA (Hons) degree from the University of Cape Town and an MBA from Oxford Brookes University in the United Kingdom.

Mr Orsmond has over 25 years of experience in an executive capacity in the airline industry, during which period he was involved in developing and implementing business strategies around the key elements of airline costs, revenue, flight operations, technical services, cash generation, branding, sales, distribution and customer service. He has also served as financial director and CEO of 2 (two) JSE listed entities, namely the Company and 1Time Airlines Limited. Mr Orsmond holds a B Com, CA (SA) degree and a post graduate diploma in accounting, and is a qualified chartered accountant