REG - Air Astana JSC - Board Changes

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RNS Number : 7500Q  Air Astana JSC  03 June 2024

3 June 2024

 

 

Board Changes

 

 

Air Astana Joint Stock Company (the "Company") announces changes to the Board
of Directors of the Company following the conclusion of the Annual General
Meeting on 30 May 2024.

 

According to the previously announced plans, as provided for in the Prospectus
of the Company published before the IPO of the Company in February 2024, the
Non-Executive Director, representative of shareholder BAE Systems (Kazakhstan)
Limited, Mr. Myles St John Westcott, has stepped down from the Board of
Directors of the Company effective from 30 May 2024.

 

Concurrently, Diyas Assanov has been appointed as an Independent Director,
effective from 31 May 2024.

 

During the last three years, Mr. Assanov has served in the role of the General
Director of the Siemens Regional company in Kazakhstan, focusing on its
Digital Industries and Smart Infrastructure businesses. Prior to that, he was
the General Counsel of Siemens Energy, Russia, Eastern Europe and Central
Asia. Mr. Assanov holds a Bachelor's degree in international relations from
United States Military Academy at West Point and a Bachelor's degree in
international law from M.S. Narikbayev University of KAZGUU, Kazakhstan.

 

Commenting on the Board changes, Mr. Nurlan Zhakupov, Chairman of the Board,
said: "We would like to welcome Mr. Assanov to the Board. His extensive
experience in engineering, transport and communications will be instrumental
in supporting the Company's next stage of development, particularly in our
continued digitalisation plan.

 

On behalf of the Board, management team and staff of the airline, I would also
like to thank Mr. Westcott for his huge support of and contribution to the
success of the Group over the last six years. Mr. Westcott has been a most
valuable member of the Board of Directors."

 

The current updated composition of the Board of Directors is as follows:

1.   Mr. Nurlan Zhakupov - Chairman of the Board of Directors (Samruk-Kazyna
JSC);

2.   Mr. Aidar Ryskulov - Member of the Board of Directors (Samruk-Kazyna
JSC);

3.   Mr. Simon Wood - Member of the Board of Directors (BAE Systems);

4.   Mr. Peter Foster - Member of the Board of Directors (CEO, Air Astana
JSC);

5.   Mr. Yeldar Abdrazakov - Independent Director;

6.   Mrs. Janet Heckman - Independent Director;

7.   Mr. Garry Kingshott - Independent Director;

8.   Mr. Keith Gaebel - Independent Director;

9.   Mr. Diyas Assanov - Independent Director.

 

For further information, please visit ir.airastana.com
(https://ir.airastana.com/) or contact:

 

 Air Astana                                                                   Air Astana                                            Instinctif Partners

 Irina Martinez                                                               Bella Tormysheva                                      Joe Quinlan

 Head of Investor Relations                                                   Vice-President                                        Vivian Lai

 +7 727 258 41 36  (1682)                                                     Corporate Communications                              +44 20 7457 2020

 investor.relations@airastana.com (mailto:investor.relations@airastana.com)   +7 727 258 41 35                                      airastana@instinctif.com (mailto:airastana@instinctif.com)

                                                                              media@airastana.com (mailto:media@airastana.com)

 

About the Company

 

The Company is the largest airline group in Central Asia and the Caucasus
regions by revenue and fleet size. The Company operates a fleet of 51 aircraft
split between Air Astana, its full-service airline that operated its inaugural
flight in 2002, and FlyArystan, its low-cost airline established in 2019. The
Company provides scheduled, point-to-point and transit, short-haul and
long-haul air travel and cargo on domestic, regional and international routes
across Central Asia, the Caucasus, the Far East, the Middle East, India and
Europe. In 2023, Air Astana was recognised eleven times in a row as the "Best
Airline in Central Asia and CIS" at the Skytrax World Airline Awards and
received a five-star rating in the major airline category by the APEX.
FlyArystan was also awarded the Skytrax Award for "Best low-cost carrier in
Central Asia and CIS" for the first time, and is one of the twelve Skytrax
4-Star low-cost airlines globally. The Company is listed on the Kazakhstan
Stock Exchange, Astana International Exchange and London Stock Exchange
(ticker symbol: AIRA).

 

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