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Stellios resigns from Easyjet

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Stellios resigns from Easyjet

Old 15th May 2010, 14:44
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niknak
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Stellios resigns from Easyjet

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
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Old 15th May 2010, 14:56
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Hi niknak, thread is already running hidden away in the Airlines forum: http://www.pprune.org/airlines-airpo...ios-quits.html

Cheers
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