niknak
15th May 2010, 14:44
He's resigned from the board, but given his shareholding wealds more power than any of the other Directors.
Interesting times ahead..
EasyJet founder Stelios Haji-Ioannou has resigned from the board of the UK budget carrier in a bid to resist the airline's fleet-expansion plans.
Haji-Ioannou, who has resigned with immediate effect, represents shareholder EasyGroup's interest of 26.2% in the airline.
He is stepping down to "gain greater freedom" to exercise EasyGroup's rights as a shareholder in the carrier to "seek a change in the company's strategy", says EasyJet.
Haji-Ioannou has previously clashed with the airline's management over its strategic direction.
Another EasyGroup representative on the board, Bob Rothenberg, has similarly resigned
Interesting times ahead..
EasyJet founder Stelios Haji-Ioannou has resigned from the board of the UK budget carrier in a bid to resist the airline's fleet-expansion plans.
Haji-Ioannou, who has resigned with immediate effect, represents shareholder EasyGroup's interest of 26.2% in the airline.
He is stepping down to "gain greater freedom" to exercise EasyGroup's rights as a shareholder in the carrier to "seek a change in the company's strategy", says EasyJet.
Haji-Ioannou has previously clashed with the airline's management over its strategic direction.
Another EasyGroup representative on the board, Bob Rothenberg, has similarly resigned