SAS chairman to resign

SAS, Fritz Schur, chairman, board, election, new, resign, step down, management


Fritz Schur steps down as chairman and board member

SAS reveals that Fritz Schur notified the company’s nomination committee that he is not seeking re-election as chairman or member of the board from the upcoming 2018 AGM on March 5.

Schur has been a member of the board of SAS AB since 2001 and its chairman since 2008. The search for a new chairman has started.

“In my time on the board, SAS has undergone a total transformation. Above all, cost levels have declined significantly, which has enabled SAS to lower ticket prices. This has led to considerably improved competitiveness,” he said in a statement.

“After a number of years with negative earnings, for the third consecutive year SAS has posted billion-krona earnings and, moreover, recently delivered its best results for 20 years.”

He added: “With Rickard Gustafson and his team, SAS has a highly qualified management team and given the expectations for 2018 this is an appropriate moment to change chairman.”

“Scandinavian icon”
SAS President and CEO Rickard Gustafson said he was grateful for Schur’s “considerable contribution” to the airline.

“During Fritz Schur’s time as chairman, SAS has undergone a major transformation to meet increased global competition. Operations have been fundamentally changed, from the destinations offered, the customer offering and the cost structure to production platforms and the aircraft fleet,” he said.

“Fritz Schur’s chairmanship and his considerable commitment have been decisive in this change process and key to bringing about SAS’s current position, where the company can look forward and further strengthen its position as the natural choice for all passengers who need to travel to, from and within Scandinavia,” Gustafson added.

Schur countered: “SAS is an icon for Scandinavian commerce, and I consider, and always have done, SAS to be an extremely important Scandinavian business and one that cannot be allowed to just fade away. I wish the company the very best on its continued journey.”

Related stories

New face at SAS for “key strategic ventures”

SAS profits in line with forecasts

SAS beefs up Aarhus Airport


Check Also

SAS, coffin, casket Gdansk, Poland, Kristiansand, Tromso, flight, wrong, cargo

Wrong coffin sent to Gdansk: SAS investigates

The casket containing the body of a Norwegian man was flown to Poland by mistake – and buried.

SAS, LOT, Heathrow, London, noise, aircraft, descent, MAX, Boeing, Continuous Descent Approaches, list, greenest, quietest

SAS is “quietest and greenest” at Heathrow

The airlines SAS and LOT have been singled out for praise by one of the busiest airports in the world.

Primera Air, airlines, list, low-cost, long-haul, cheapest, Rome2Rio, ranking, cost per kilometre, SAS, Norwegian, Finnair, Virgin, world, Global Flight Pricing

Cheapest airlines in the world listed

Airlines are ranked according to the lowest fares for passengers in terms of cost per kilometre.

SAS, wifi, internet, price, cost, flight, air travel, free, go, premium, business, high-speed, wireless, device, steam

SAS rolls out fast wi-fi on Europe routes

SAS declares the new high-speed connectivity to be the “best product on the market”.

SAS, food, Nordic, new, menu, inflight, SAS Plus, local, seafood

SAS presents new Nordic summer menu

It’s the tiny details that count in New Nordic City, now being served to SAS Plus passengers.

SAS, Heathrow, London,

New routes and extra flights for Sweden

SAS plans increased air traffic from Stockholm Arlanda and Gothenburg for winter 2018-19.