EasyJet founder calls for removal of non-executive director By Reuters


© Reuters. The spread of the coronavirus disease (COVID-19) in Luton

LONDON (Reuters) – Stelios Haji-Ioannou, the founder of easyJet (L:), has called for a board meeting to remove independent non-executive director Andreas Bierwirth.

The British budget airline said it had received the request and was considering its response. “Shareholders are advised to take no action at this time,” it said.

EasyJet has been under pressure from its founder who asked in a letter on Sunday for it to cancel or renegotiate a 4.5 billion pound ($5.6 billion) order for 107 Airbus planes because the extra aircraft would destroy shareholder value.

Haji-Ioannou, who along with his family owns about a third of easyJet’s shares, has been a long-time critic of the airline’s plans, saying it was putting expansion before profit growth.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*