Web Notifications

SaltWire.com would like to send you notifications for breaking news alerts.

Activate notifications?

EasyJet founder calls for removal of non-executive director

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS

Olive Tapenade & Vinho Verde | SaltWire

Watch on YouTube: "Olive Tapenade & Vinho Verde | SaltWire"

LONDON (Reuters) - Stelios Haji-Ioannou, the founder of easyJet , 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.

(Reporting by Kate Holton. Editing by Jane Merriman)

Share story:
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT