Comair Limited announces change in leadership

Johannesburg: Comair Limited, South Africa's leading aviation company, today announced that Erik Venter will assume the role of CEO. For the past five and a half years, both Venter and Gidon Novick have served as Joint CEO's of the company, which operates kulula.com and British Airways in South Africa.

Novick has resigned from Comair to pursue other entrepreneurial business ventures but will remain available to the company in a consulting role for the foreseeable future. He has also resigned as a director of the Comair board.

The developments have arisen following a decision by the Board of Directors that the Comair team will be best served by single and focused leadership. "Comair has always fostered a culture in which change is normal. Agility is key to remaining competitive in an industry influenced by a weak economy and consumer spend, high oil prices, excessive airport charges and a weakening local currency," says Venter.

The board expressed its gratitude to Novick for his 15 years of service at Comair and for the impact he had on building the Comair team, developing the brands and starting new business units.

Venter has a long and successful career with the company and together with an excellent executive team, is looking forward to the challenges ahead. Venter joined Comair as a financial manager, in 1996, and has held various positions within the company, including commercial manager; commercial director; financial director and was appointed joint CEO on the 01 July 2006.

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