easyJet, Stelios to step down at easyJet

Manufacturing News, Source : TheManufacturer.com
Published : 18 Apr 2002 10:06
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Stelios Haji-Ioannou will resign as chairman of easyJet at its 2003 annual meeting.

Sir Colin Chandler has been appointed as deputy chairman, with immediate effect with the intention is that he will succeed Mr Haji-Ioannou as chairman next year.

All current executive directors, with the exception of the chief executive and finance director, will resign from the board of easyJet PLC. They will become directors of easyJet Airline Company Ltd, a wholly-owned subsidiary which holds the Air Operators' Certificate.

Mr Haji-Ioannou said: "Since the IPO, easyJet has gone from strength to strength and, as the recent trading statement revealed, I am very confident about its prospects. The company has a strong management team led by Ray Webster, the chief executive, who has been with easyJet from the beginning and who has been running the company for the last couple of years.

"I am convinced that Ray and his team can continue this strong progress, and this is the appropriate time to plan my stepping-down from the easyJet board in order to concentrate on my new ventures.”

 

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