newstodate.aero
Mar 01, 2016 (newstodate): The Swedish/UK carrier West Atlantic has carried through a far-reaching management reshuffle in the wake of a decision to cancel the project to explore the possibility of a listing of the shares on Nasdaq Stockholm.
At an Extraordinary General Meeting held on February 29, 2016, the shareholders of the company decided to change the composition of the Board, aiming at increasing shareholder presence and aviation experience among the Directors.
As a consequence, Gustaf Thureborn, CEO and President and in an executive position with the company since 1995, will leave his position to transfer to an advisory position with the Group.
West Atlantic has appointed Fredrik Groth to serve as interim CEO until the 2016 Annual General Meeting.
At the same time the composition of the West Atlantic Board has changed profoundly, with five members resigning and being replaced with "newcomers" that have, however, earlier served on the Board.
At an Extraordinary General Meeting held on February 29, 2016, the shareholders of the company decided to change the composition of the Board, aiming at increasing shareholder presence and aviation experience among the Directors.
As a consequence, Gustaf Thureborn, CEO and President and in an executive position with the company since 1995, will leave his position to transfer to an advisory position with the Group.
West Atlantic has appointed Fredrik Groth to serve as interim CEO until the 2016 Annual General Meeting.
At the same time the composition of the West Atlantic Board has changed profoundly, with five members resigning and being replaced with "newcomers" that have, however, earlier served on the Board.