Mike Hazell Succeeds Euan Sutherland at Saga

UK-based company Saga (SAGA.L) announced on Tuesday the departure of Euan Sutherland from his position as the company’s chief executive officer. Mike Hazell, who recently assumed the role of the group’s CFO just a month ago, will succeed Sutherland. Mark Watkins, the current group chief corporate development officer, is set to assume the responsibilities of the CFO position.

Saga noted that Sutherland had communicated earlier in the year his decision to step down from the CEO role. Sutherland, who had joined Saga from fashion retailer Superdry (SDRY.L) in January 2020, had initiated a new strategy within the holiday group and successfully navigated the company through the challenges posed by the pandemic.

Hazell, aged 50, will take on the new position immediately. Sutherland will remain onboard until January 31 to facilitate a smooth transition to new leadership, as confirmed by Saga.

Expressing his readiness for the new role, Hazell stated, “I am delighted to take over from Euan (Sutherland) and will continue to deliver against the group strategy to maximize the performance of our existing businesses and reduce debt.”

Have you read?
The World’s Most Influential CEOs And Business Executives Of 2023.
Which are the healthiest countries in the world for 2023?
Largest Hotel Chains in the World, 2023.
Best Residence by Investment Programs for 2023.
International Financial Centers Ranking, 2023.
Best Citizenship by Investment (CBI) for 2023.

This report/news/ranking/statistics has been prepared only for general guidance on matters of interest and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, CEOWORLD magazine does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.

Email Address*

Name