The Monarch Group has announced that Conrad Clifford will step down from his role as Group Chief Executive Officer.

Iain Rawlinson, executive chairman, will assume responsibility for the Monarch Group with the managing directors of Monarch Airlines, the Monarch Travel Group companies (including Cosmos) and Monarch Aircraft Engineering Limited reporting to him.  The process is well underway to find a replacement chief executive officer.

Rawlinson said:

“On behalf of the shareholders I would like to thank Conrad for the contribution he has made to the Group this last year.  He leaves with our very best wishes for the future.  We are already engaged in the process of finding a replacement, with a strong focus on the airline growth plan, and unlocking the full benefits of Monarch being a unified travel group.

The Group has made a satisfactory start to the new financial year, with the performance of our three operating divisions in line with the business plan.”

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