EasyJet CEO Dame Carolyn McCall appointed as new ITV chief executive

EasyJet boss Carolyn Mc Call will join ITV as chief executive on £900,000-a-year it was revealed today

EasyJet has announced that its Chief Executive, Carolyn McCall, is to leave the airline to take up the same role at United Kingdom television network ITV.

She'll replace Adam Crozier, who left the company at the end of June.

She will earn £900,000 a year and a pension allowance of 15 percent of her salary, and be eligible for annual bonuses up to a maximum of 180 percent of her earnings, as well as a long-term incentive plan up of to 265 percent of her salary.

During her time at Easyjet, McCall is understood to have made as much as £30 million since she joined back in July 2010.

"ITV's overall performance and the shape of the United Kingdom advertising market are very much as we anticipated and our guidance for the full year remains unchanged", said outgoing CEO Adam Crozier.

"I'm really pleased to be joining ITV", said McCall.

Analysts at Citi said it was a "good and exciting" appointment, saying her track record was very strong, delivering a total shareholder return of 312 percent during her tenure at the airline, outperforming the United Kingdom market. "I'm delighted we'll be working together at ITV", said chairman Peter Bazalgette.

During her tenure at easyJet, McCall has sought to bring a customer focussed approach to the business and redefine what passengers expect from short haul flights.

The company began its succession plan for Crozier earlier this year, when reports first emerged that the former Royal Mail boss would be stepping down after seven years as CEO.

ITV said Dame Carolyn would get down to work there on 8 January. This, the company said, provides broadly the same remuneration opportunity as to ITV's previous CEO.

AstraZeneca rallied almost 2 percent after the pharmaceutical firm said chief executive Pascal Soriot will host a call with analysts on second-quarter earnings at the end of the month as planned. She previously also held non-executive director roles at Lloyds TSB, Tesco and New Look.

McCall was said to have been chosen as the preferred candidate for the ITV top job at the end of last month, but reports have said that disagreements about her salary package had slowed things down.



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