Regional Express (Rex) reported the impending retirement of its Managing Director Jim Davis, with effect from 1 July 2011. Mr Davis will remain a member of the Board as an independent director. Mr Davis has been with the Company since its beginning as the Chief Pilot of Hazelton which was one of the two component airlines of Rex. He was subsequently appointed the Chief of Staff to the Executive Chairman in 2007 and took on the Managing Director role in May 2008. Mr Davis’ responsibilities will be largely assumed by Mr Chris Hine who was recently promoted to the position of Chief Operating Officer and Board member on 1 March 2011.
In addition, Rex Director Russell Hodge, 65, announced his decision to retire from the Board of Rex and its subsidiaries on 14 June 2011. Mr Hodge, originally a significant shareholder and Director of Pel-Air Aviation Pty Ltd, joined the Rex Board as an Independent Director in September 2005 when Rex began its acquisition of Pel-Air.
