Carolyn McCall to head ITV

Shares in easyJet (LON:EZJ) have lost ground in London this morning, while ITV (LON:ITV) is rallying, as the FTSE 100 airline said that its chief executive will be stepping down to take the top job the blue-chip broadcaster. The package provides “broadly the same remuneration opportunity” as Crozier had, ITV said.

Ms McCall held the top job at easyJet for seven years, helping to grow the group into one of the world’s biggest and most competitive low-priced carriers, servicing over 800 routes across 30 countries.

McCall already has media industry experience on her CV having been chief executive of the Guardian Media Group prior to joining easyJet.

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

“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”.

Shares in ITV were trading up 2 per cent at 178.5 pence in early deals, while easyJet was down 0.5 per cent at 1,404 pence.

“She’s got a good grip on the key issues facing traditional media”, DeGroote said by phone.

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.

In replacing Adam Crozier, she has big shoes to fill. On Monday, ITV said that McCall “will receive an annual salary of £900,000 [$1.2 million] and a pension allowance of 15% of salary”.

“She put Easyjet’s passengers and people at the heart of the business”.

The next EasyJet CEO must “increase focus on cost management and possible restructuring”, Daniel Roeska and Caius Slater, analysts for Sanford C. Bernstein, wrote Sunday in a note to investors. Last week EasyJet announced its plans for a new European subsidiary based in Austria, which will help it continue to fly within Europe post-Brexit. “We think bringing in an external candidate, given the required qualifications, with fewer ties to the organization and a fresh view, may be beneficial for shareholders”.