Comair ditches joint-CEO model

Comair, the operator of kulula.com and British Airways in SA, has appointed Wrenelle Stander as group CEO, with immediate effect.

The move, which the company said was part of ongoing restructuring at the aviation company, marks a departure from the joint-CEO model which was criticised by shareholders at the company’s annual general meeting on October 29. Comair, which has a market capitalisation of R1.4bn, appointed Stander and Orsmond on July 31. They replaced former long-serving CEO Erik Venter.

When it announced the appointments in May 2019, Comair said Stander would be responsible for looking after the airline business of the company, while Orsmond — who was the company’s financial director between 1995 and 2013 — would look after the non-airline business and financial services.

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