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Stelios bid to oust easyJet director

10 August 2011

The long-running war between the easyJet board and the airline’s founder and largest shareholder, Sir Stelios Haji-Ioannou, has erupted again.

Sir Stelios has sent a letter to the easyJet board to call for a shareholders’ meeting to vote on the removal of Sir David Michels as a director.

This latest initiative by Sir Stelios is part of his campaign to get the company to limit its purchases of new planes and pay a dividend.

source: This is Money

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