Stelios will make early exit
Easyjet’s founder, Stelios Haji-Ioannou is to step down earlier than expected.
He announced in April 2002 that he would handover to Sir Colin Chandler in early 2003, but following the successful integration of no-frills compeititor, Go, he says he will now leave at the announcement of the annual results in November.
He said: “In order to achieve a better delineation of accountability for the following financial year and, rather selfishly, in order to free up my time for my newer ventures, I have decided to step down and leave the board on 26 November”.
Mr Haji-Ioannou will hand over to Sir Colin Chandler, who was announced deputy chairman and chairman elect in April. Mr Haji-Ioannou intends to remain a significant shareholder in easyjet PLC for a “very long time”, but said: “I reserve the right from time to time to sell some of my shares to finance my new ventures”.
Mr Haji-Ioannou will remain chairman of the other “easy” companies, including easyInternetCafe, easyCar, and a new venture, easyCinema.
Read our previous stories:
19-August-2002 Easyjet rationalises Belfast to Scotland services
2-August-2002 Going, going, gone: easyjet completes Go takeover
16-May-2002: Ryanair welcomes easyJet acquisition of Go
8-May-2002: EasyJet takes option to buy BA’s German airline
7-May-2002: No-frills consolidation is ‘inevitable’ says analyst
06-May-2002: easyJet to buy no-frills rival Go for £400m
18-Apr-2002: EasyJet chairman to resign
19-Feb-2002 Report says BA was wrong to sell Go
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Major rail disruptions around and in Berlin until early 2026