easyJet boss hired as Whitbread chief executive

Andy Harrison, the outgoing boss of budget airline easyJet, has been hired as chief executive of the

Harrison will succeed Alan Parker who retires on 25 November. He had already announced his departure from the no-frills airline despite receiving £1.2m 'golden carrot' last year, on top of his £1m annual bonus and £600,000 salary.

Whitbread uses a similar sales model to easyJet, allowing early bookers to pay less. Its restaurant division ranges from the 1,000-outlet Costa Coffee chain to Brewers Fayre and Beefeater restaurants.

Whitbread, which operates Costa Coffee and the budget hotel chain Premier Inn, has 33,000 employees. It successfully reinvented itself as a hotel and restaurant group. Its Premier Inn chain is now the UK's largest, operating nearly 600 hotels.

Harrison will join as chief executive designate on 1 September. He will receive a basic salary of around £700,000.

The former management consultant has been at easyJet since 2005, and was earlier chief executive of motoring and vehicle services company RAC, now part of the insurance giant Aviva.