Wizz Air has signed a new long-term service agreement with József Váradi, the Group’s founding Chief Executive Officer. The contract term is for five years and the terms of his service agreement are materially the same as his previous agreement with the exception of a new long-term incentive arrangement, the Value Creation Plan (VCP), which targets a 20% CAGR in the Group’s share price over the next five years. The VCP, together with a revised LTIP and new Senior Leadership Growth Plan (SLGP) were approved by shareholders at the Group’s recent AGM. Wizz Air is also putting in place a
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