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Easyjet CEO announces resignation

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Easyjet CEO announces resignation

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Old 16th May 2005, 13:10
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Talking Easyjet CEO announces resignation

Ray Webster has announced his decision to leave easyJet. Should improve the share value!
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Old 16th May 2005, 13:44
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Full story now available (as ever) from BBC News Online

Jordan
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Old 16th May 2005, 13:47
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maybe he has been tapped to take over at ryanair when MOL falls on his sword.
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Old 16th May 2005, 14:44
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Hurrah!! morale must be up 30% already!
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Old 16th May 2005, 15:18
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when MOL falls on his sword
The one certainty about MoL, is that he will onl yleave by being thrown out. He will never resign. That is not 'good' or 'bad', simply as I see it.
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Old 16th May 2005, 15:20
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Probably going somewhere that offers decent staff travel...........
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Old 16th May 2005, 16:08
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Stelios

Stelios. If he really is rumoured to be coming back I would expect his usual hands on approach.

Don´t forget he didn´t make easyJet a lean profitable airline by being overly generous but he was more approachable than Ray and that helps a lot.
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Old 16th May 2005, 16:24
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Few Cloudy
If you read the report, you would have noticed that it was announced that he is joining the board as a NON EXECUTIVE Director. He isn´t "rumoured to be coming back"!
Non-executive to most of us and certainly to the City, means he will not/cannot be "hands on", as you put it, be that good or bad.
My question was, do the two events have a common denominator?
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Old 16th May 2005, 16:33
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Osarh - no I hadn´t read the report - nevertheless anyone who has been around Stelios, knows he doesn´t sit in on meetings without exerting a lot of influence.

easyJet usually make a pretty frank report in their annual shareholders´statement so maybe any connection between the two events will be seen there.
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Old 16th May 2005, 17:04
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Question is who will the replacement be ?... The devil we know might be appropriate here. And in the meantime I wonder just how much worse it will get with Woeful Winter and Sucker Scuz's running the show.
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Old 16th May 2005, 19:15
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I understand the new CEO is to be Mike Street, ex BA
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Old 16th May 2005, 19:20
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I have not heared any names mentioned but I wonder what Barbara is doing these days?
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Old 17th May 2005, 08:28
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Barely any movement in EZY share price so ´The City´ does not seem to be too sad about RW´s departure either!
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Old 17th May 2005, 08:35
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Surprised the share price hasn't shot up.
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Old 17th May 2005, 09:14
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The only negative aspect of Webster's rule of easyJet is that he ever joined the company in the first place. Good riddance and hopefully he will never be heard of again.
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Old 17th May 2005, 09:36
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Good riddance?

Let´s first wait and see who the new CEO will be!
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Old 17th May 2005, 09:39
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I reckon - Rod Eddington is just about free.
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Old 17th May 2005, 10:08
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Leo Hairy Camel will likely need a new job soon!
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Old 17th May 2005, 10:26
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Stelios returning... Part-Time only...
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Old 17th May 2005, 10:27
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Amazingly, people are buying shares in easyJet at the moment. Must be good news for the City with a share price boost imminent!
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