Chief executive of kulula.com-owner Comair steps down

0:00
play article
Subscribers can listen to this article
Comair operates low-cost airline kulula.com as well as British Airways domestically.
Comair operates low-cost airline kulula.com as well as British Airways domestically.

Wrenelle Stander has decided to step down as CEO and executive director of the board of JSE-listed Comair, according to a notice to shareholders issued on Monday.

Her position will be taken over by Glenn Orsmond as from December 1. He is part of the Comair Rescue Consortium, the winning bidder in Comair's business rescue process. Kirsten King has been appointed chief financial officer.

Comair, which operates low-cost airline kulula.com as well as British Airways domestically, went into voluntary business rescue in May this year due to the impact of the coronavirus lockdown which initially grounded all commercial flights. Kulula.com is set to start flying on 1 December and BA on 9 December.

"I am excited to be back and, together with some of the other previous Comair executives we are up for the challenge. A lot is happening in the market currently, but we are pleased with how things have unfolded. The big winners will be the flying public and the Comair employees whose jobs were secured," Orsmond told Fin24.

In a letter addressed to Comair employees and seen by Fin24, Stander says "as you have been aware for some time now, the new Investor Consortium signalled that they would bring in a new executive team. I would like to wish the new team well and hope that under their leadership Comair will grow from strength to strength".

"I must thank the Comair board for placing their confidence in me when they appointed me as the sole CEO in March 2020, shortly before the company was placed into business rescue and for their support during one of the most difficult times in the history of Comair," she continues.

"I also wish to thank the joint business rescue practitioners, Shaun Collyer and Richard Ferguson for their co-operation and collaboration over the past 7 months." In her view, Comair is a great company and and she firmly believes that it will return to be a major player in the South African airline industry. 

The Comair board thanked Stander for her contribution over the past two years, especially for "the hard work, commitment and outstanding leadership" she provided during the Covid-19 pandemic and business rescue process.

An application by the National Union of Metalworkers of South Africa against Comair, Solidarity and other parties was recently dismissed by the Labour Court. NUMSA wanted the Labour Court to declare that Comair and its business rescue practitioners are acting in a procedurally unfair manner regarding a section 189 retrenchment process which started in October this year. 

Discovery Vitality has also resumed its agreement with kulula.com, as has FNB's eBucks rewards programme arrangement with Comair.

* This article was updated to include extracts from Stander's letter to employees.


We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
ZAR/USD
15.13
(-0.14)
ZAR/GBP
20.70
(-0.11)
ZAR/EUR
18.42
(-0.11)
ZAR/AUD
11.67
(-0.11)
ZAR/JPY
0.15
(-0.86)
Gold
1855.20
(+0.05)
Silver
25.47
(+0.10)
Platinum
1100.00
(+0.44)
Brent Crude
54.81
(-1.30)
Palladium
2352.23
(+0.52)
All Share
63987.92
(-0.29)
Top 40
58886.26
(-0.14)
Financial 15
11685.83
(-2.13)
Industrial 25
86576.24
(+1.21)
Resource 10
62699.98
(-1.34)
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
Yes, and I've gotten it.
21% - 722 votes
No, I did not.
52% - 1789 votes
My landlord refused
28% - 959 votes
Vote