De Klerk to disembark Flybe for Low & Bonar in October

Exeter-based airline Flybe Group announced on Tuesday that its chief financial officer Philip de Klerk had resigned to take up the position of CFO at AIM-traded materials firm Low & Bonar.

The London-listed firm said de Klerk would remain as CFO of Flybe until 1 October 2017.

A process to appoint his successor had commenced, the board added.

“The Flybe board wishes Philip well for the future and also thanks him for his major contribution over the last three years,” it said in a statement.

Flybe said it will issue its 2017 full year results on 8 June.

Martin Flower, chairman of Low & Bonar, said de Klerk was bringing commercial as well as financial expertise and "substantial experience" of international manufacturing businesses.

"We are confident that he will bring these capabilities to benefit Low & Bonar as we continue to drive our strategy of growth and stringent portfolio management across our global end markets," Flower commented.

"We look forward to working with him."