Wizz Air appoints CFO and CTO

Eleanor Steed
By Eleanor Steed July 19, 2017 15:05

Wizz Air appoints CFO and CTO

Wizz Air has promoted two members of management to Wizz Air’s executive team.

Iain Wetherall, currently Head of Financial Planning & Control and Investor Relations, is promoted to Chief Financial Officer (CFO) with effect from 01 August 2017. As Chief Financial Officer, Iain will report to the Company’s Chief Executive Officer and be responsible for the accounting and tax, financial planning and controlling, fleet acquisition and corporate finance and purchasing organizations. He joined Wizz Air in July 2011 as Head of Corporate Finance and, following the Company’s initial public offering in 2015, he also led the Company’s investor relations function before taking on his current role in September 2016.

Iain is a chartered accountant, holds an Advanced Treasury Diploma from the Association of Corporate Treasurers, a Securities and Investment Diploma from the Chartered Institute for Securities and Investments and was a Securities Representative authorized by the Securities and Futures Authority (now Financial Conduct Authority). Prior to Wizz Air, Iain gained experience in tax & treasury, corporate finance, mergers & acquisitions, accounting, audit, corporate governance, internal control and consulting in various finance roles for Royal Ahold, PricewaterhouseCoopers, KPMG and Singer & Friedlander Bank Limited.

Heiko Holm, currently Head of Technical Services, is promoted to become Wizz Air’s Chief Technical Officer (CTO), reporting to Diederik Pen, Executive Vice President and Chief Operations Officer. As Wizz Air’s fleet continues to grow, the technical and operations complexity associated with the size of the fleet and the multi-base operation also increases. To ensure that Wizz Air is adequately resourced for its future growth, the new position of Chief Technical Officer has been created on Wizz Air’s Leadership Team. The Chief Technical Officer will remain the post-holder for continuing airworthiness and the Accountable Manager for Wizz Air’s Part 145 maintenance organization. Heiko graduated from the University of Applied Sciences in Hamburg, Germany as an Engineer specialized in Aircraft Construction and Design and went on to build a successful career with Lufthansa Technik, ultimately becoming the Director of Operations for Lufthansa Technik in Shenzhen, China, from where he joined Wizz Air. The appointment takes effect from 01 August 2017.

József Váradi, Wizz Air’s Chief Executive Officer, commented: “The promotion of Iain Wetherall to Chief Financial Officer and Heiko Holm to the newly-created Chief Technical Officer position are further examples of Wizz Air’s planning for its future significant growth by bringing additional capacity into its senior management team while leveraging its great talent pool to promote from within. Both Iain and Heiko have already proven themselves as successful leaders in Wizz Air and each brings significant and extensive expertise to their role. I look forward to working with both of them closely as members of the Leadership Team as we continue to grow quickly but profitably at the same time as implementing exciting projects at Wizz Air, including the introduction of the ultra-efficient Airbus A321NEO into our fleet as a new aircraft type from January 2019, bringing increased cost efficiency to the business as we continue to drive our aim of Wizz Air becoming the undisputed cost leader among European airlines.”

Eleanor Steed
By Eleanor Steed July 19, 2017 15:05