PracticeConsultingHigh-flying Hamill joins Go board

High-flying Hamill joins Go board

Keith Hamill, chairman of Moss Bros, and a former finance director of WH Smith and Forte, will become non-executive chairman at low-cost airline Go.

Hamill, a chartered accountant, is set to join Go in the next few days and has pledged to invest a large sum of his own money in the airline. Go was owned by British Airways until it was sold to management and investors for Pounds 100m in June this year.

‘I am pleased to be coming on board at a time when Go has announced its first year of profits and become an independent company owned by management and 3I,’ said Hamill.

Go chief executive Barbara Cassani said Hamill would help get the airline ready for an IPO in the next two to three years. ‘This is great news,’ she said. ‘The weight of Keith’s reputation in the City and his experience of achieving successful stock-market listings will be extremely valuable.’

The deal was financed by venture-capital company 3I, with managers at Go including CEO Barbara Cassani buying a 22.5% stake in the business.

Meanwhile, The Sunday Times reported yesterday that Leceister City FD Gibert Kinch has approached the club with an offer to buy it.

A figure of less than Pounds 28m has been suggested after Leceister’s share price fell to 51p over the weekend, giving it a market cap of just Pounds 16.8m.

A consortium bid led by former board director Roy Parker withdrew its bid for the club last month.

Links

Go announces MBO

WH Smith business going to former FD

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