SAA Announces Resignation of Group CEO

03 June 2019

Johannesburg – 2 June 2019 - The Board of South African Airways (SAA) has accepted the resignation of Mr Vuyani Jarana, Group Chief Executive Officer.

Since he joined SAA in November 2017, Mr Jarana has spearheaded the implementation of the long-term strategy to return the airline to financial and operational sustainability and position it to deliver effectively on its mandate.

“On behalf of the Board, I would like to thank Mr Jarana for his service and commitment to the airline. He contributed to returning confidence and credibility to the airline. We wish him well in his future endeavours,” said Mr JB Magwaza, SAA chairman.

Mr Magwaza said the airline will continue to implement actions to reduce SAA’s cost structure and make the airline more competitive domestically and globally.

“In terms of his contractual obligations, Mr Jarana has committed to remain until the end of August to ensure an orderly transition of his responsibilities, which is a matter that the Board will consider. The Board of SAA will immediately commence the process of searching for a new Group CEO to take the strategy forward,” concluded Mr Magwaza.

More details on transitional arrangements will be announced soon.

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