Key Announcement Details

Regional Express Holdings Ltd (ASX: $REX) has announced significant board and management changes. Mr Neville Howell, the Chief Operating Officer for the last ten years, has been appointed as the Chief Executive Officer (CEO) for an initial term of two years. The Honourable John Sharp AM, who has served as Deputy Chairman for the last 20 years, has been appointed Non-Executive Chairman. Additionally, Mr Lim Kim Hai will no longer serve as Executive Chairman after 21 years in that role, but will remain a Non-Executive Director and a significant shareholder of the Company. These changes are aimed at bringing a great depth of experience to the leadership roles within the company.

Executive Commentary

Kim Hai has given extraordinary service to the Rex Group during his time as Executive Chairman. The Company has grown from a small regional operator to one of the major aviation businesses in Australia today. On behalf of all of us at Rex, I would like to extend our thanks to him for his leadership and huge effort over the many years he has led the Company.

Summary of Changes and Outlook

The appointment of Mr Neville Howell as CEO and the transition of Mr Lim Kim Hai from Executive Chairman to Non-Executive Director mark significant changes in the leadership of Regional Express Holdings Ltd. These changes are expected to bring a wealth of experience to the company's leadership roles. The announcement assures that these changes will not affect Rex's operations or services. The company's ambitions, goals, forecasts, and guidance regarding their corporate strategy and the announcement were not explicitly mentioned in the release.