Carolyn McCall, the boss of easyJet, will leave the airline to become the new chief executive of ITV, the UK’s biggest commercial broadcaster.
Dame Carolyn will leave the low-cost airline at the end of the year and begin her new job on January 8 2018. EasyJet has already begun the search for her successor. Dame Carolyn will be replacing Adam Crozier at ITV.
“After seven years, the opportunity from ITV felt like the right one to take. It is a fantastic company in a dynamic and stimulating sector”, said Dame Carolyn.
Before joining easyJet, Dame Carolyn was chief executive of Guardian Media Group, parent company of the Guardian and Observer newspapers.
ITV said Dame Carolyn would be paid an annual salary of £900,000 and a pension allowance of 15 per cent of her salary – broadly the same pay package as that received by former chief executive Mr Crozier who left the company last month after seven years in charge.
ITV chairman Sir Peter Bazalgette said Dame Carolyn “stood out” for her “track record in media, experience of an international operation clear, strategic acumen and strong record of delivering value to shareholders”.
Dame Carolyn “will also be able to participate in the Company’s existing annual bonus plan up to a maximum of 180 per cent of salary, and the long-term incentive plan up to 265 per cent of salary”, said ITV.
John Barton, easyJet Chairman, said:
I speak for absolutely everyone at easyJet in saying we will be sorry to see Carolyn leave and that we wish her well in her exciting new role.
She will leave easyJet well set for future success.