Comair Deputy Chairperson Martin Moritz resigns

Another long-standing director of aviation company Comair [JSE:COM] has announced his resignation.

Following the resignation of Rodney Sacks late last month, Comair announced on Tuesday that Martin Moritz has resigned as a non-executive director and deputy chairman of the company, effective from December 31, 2019.

"The Board would like to thank Mr Moritz for the outstanding service he has provided to the company during his tenure as an executive director, and thereafter as a non-executive director and deputy chairman of the Board," Comair said in a market update.

The JSE-listed aviation group operates its own low-cost brand, kulula.com, as well as British Airways in South Africa as part of a licence agreement.

Fin24 reported in early November that concerns were raised at Comair's annual general meeting about the long tenure of board members. A resolution was approved at the AGM that directors who served for a period of 9 years or longer would be required to retire on an annual basis and if eligible, could stand for re-election.

ZAR/USD
16.54
(+0.83)
ZAR/GBP
20.88
(+0.55)
ZAR/EUR
18.92
(+0.72)
ZAR/AUD
11.61
(+0.51)
ZAR/JPY
0.15
(+0.70)
Gold
1806.46
(-0.14)
Silver
19.32
(+0.24)
Platinum
834.00
(+0.66)
Brent Crude
43.06
(+0.42)
Palladium
1971.50
(+0.75)
All Share
56320.94
(+1.42)
Top 40
52001.68
(+1.50)
Financial 15
10647.28
(+1.13)
Industrial 25
76368.71
(+1.13)
Resource 10
54367.05
(+2.16)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
I'm not really directly affected
18% - 2105 votes
I am taking a hit, but should be able to recover in the next year
23% - 2699 votes
My finances have been devastated
35% - 4083 votes
It's still too early to know what the full effect will be
25% - 2927 votes
Vote