|Fastjet: Tanzanian board appointments|
Posted: 28 November 2013
28 November 2013
("fastjet" or the "Company")
fastjet Tanzania appoints four new Directors
fastjet, Africa's low cost airline, is pleased to announce that it has appointed four new Directors to the Board of its subsidiary, fastjet Airlines Ltd, in Tanzania.
Ed Winter fastjet Plc CEO and Kyle Hayward, fastjet GM South Africa, are joined on the Board by prominent Tanzanians Ami Mpungwe and Lawrence Masha who will serve as Non-Executive Directors. Angus Saunders, fastjet's Chief Financial Officer, and Richard Bodin, fastjet's Chief Commercial Officer also join as Executive Directors.
Mr Ami Mpungwe is one of Tanzania's most respected diplomats. He spent 25 years in the Tanzanian diplomatic service, including six years as Tanzania's first Ambassador to South Africa. In 1999, he received the Order of Good Hope, South Africa's highest award granted to foreign citizens for his contribution to Peace and Democracy in South Africa and in the SADC region and for establishing closer bilateral ties between South Africa and Tanzania.
Mr Mpungwe brings a wealth of regional business experience to the fastjet Board. He is Non-Executive Deputy Chairman of AIM-listed Richland Resources Ltd and is Chairman of TanzaniteOne Mining Ltd, SAGCOT Catalytic Fund and MultiChoice Tanzania.. Other directorships include ILLOVO Sugar Ltd., Tanzania Breweries Ltd and NIKO Insurance Ltd. Mr. Mpungwe holds a BA (Hons) degree in International Relations and Political Science and a diploma in International Law.
Mr Lawrence Masha is a prominent lawyer and businessman with strong political ties throughout Africa. He is Managing Partner at IMMMA Advocates (a member of the DLA Piper Group) in Dar es Salaam and has served in a variety of senior political positions in the Tanzanian Government.
In 2005, he was elected as Member of Parliament for Nyamagana Constituency (the City of Mwanza) and between January 2006 and November 2010 he held the roles of Deputy Minister of Energy and Minerals, Deputy Minister of Home Affairs, as well as Minister of Home Affairs. Mr Masha has held senior positions in a variety of businesses within Tanzania, including being Managing Director of Tanzania Oxygen Limited, the first company to be listed on the Dar es Salaam Stock Exchange. Mr. Masha holds an LL.B (Hons) from the University of Dar es Salaam and a LLM in International and Comparative Law from the Georgetown University Law Center in Washington DC. In 2010 the World Economic Forum nominated Mr. Masha as Tanzania's first Young Global Leader. Mr. Masha currently serves as Chairman of the Tanga Cement Company and Ecoprotection Tanzania Limited and is a Non-Executive Director of Basix East Africa Limited and Blue Financial Services Limited.
Ed Winter, Interim Chairman and Chief Executive Officer of fastjet, said: "I am delighted we have two such prominent members of the Tanzanian business community joining fastjet's Tanzanian Board. Ami Mpungwe and Lawrence Masha bring a wealth of knowledge and experience of the African, and specifically Tanzanian, business and political landscape. We look forward to working with them to continue to build our increasingly successful airline. We are proud of the fact that fastjet has helped both democratize air travel and improve the quality of aviation in Tanzania. We employ a growing Tanzanian workforce - indeed we are currently looking to recruit an additional 15 East African pilots - and the people of Tanzania have repeatedly expressed their whole-hearted support. The appointment of two such prominent Non-Executive Directors is further testament to our commitment to Tanzania.
"This is a very positive time for fastjet. As recently announced, we have recently started operating internationally with our route linking Dar es Salaam and Johannesburg and the newly-launched Dar es Salaam to Mbeya route has been so successful that we have rapidly added extra capacity to meet demand."