Change of chairman
Smurfit steps down from Menzies chair, replaced by Joeinig
Dermot Smurfit is stepping down as chairman of aviation services group John Menzies and will be replaced by Philipp Joeinig, a current non-executive director of the group. The change takes place immediately.
Dr Smurfit, pictured, joined the board in July 2016 and oversaw the $202m transformational acquisition of ASIG, successfully sectioned the defined benefit pension scheme and, most recently, completed the sale of Menzies Distribution, exiting the group from the print media logistics sector.
Following the distribution sale, the group’s transformation is now complete and Menzies is a pure play aviation services business.
The incoming chairman, Philipp Joeinig hjas occupied a number of senior executive roles within Swissport International over a 10-year period, latterly as a member of the management board covering all Swissport businesses in Europe West, Central and East.
Senior independent director, David Garman, will become deputy chairman and will havde a particular specialism around UKLA and general UK related governance matters due to his extensive plc experience.
Dr Smurfit commented: “I have greatly enjoyed my time with Menzies during which we have delivered on a number of key corporate and financial objectives. I wish the Group and its 36,000 employees the very best for the future as it embarks on the next stage of its journey. I believe that this now requires an industry specialist to bring Menzies to a new level of excellence. I wish my successor, Philipp Joeinig every success in that mission.”
Mr Garman said: “On behalf of the Board, we would like to recognise and record our sincere appreciation to Dr Smurfit for his significant contribution to our business. He has been an effective and excellent chairman and we wish him well with his future endeavours.”
Mr Joeinig added: “I am very honoured to have been appointed to succeed Dr Smurfit as chairman of John Menzies plc. I believe the group has a very exciting future and I look forward to working with the board and the management team as we look to progressively grow the business and deliver returns to our shareholders.”