EasyJet founder Stelios fails in attempt to overthrow CEO | Business

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EasyJet founder Sir Stelios Haji-Ioannou failed in his bid to overthrow the president and CEO of the low-cost airline in a shareholder vote on Friday.

Haji-Ioannou, the airline’s largest shareholder, sought to oust four directors in a special shareholder vote when it demanded the cancellation of an order for £ 4.5 billion for more than 100 new planes which, according to him, would endanger the future of the airline. .

Haji-Ioannou hoped to oust CEO, Johan Lundgren, president, John Barton, chief financial officer, Andrew Findlay, and non-executive director Andreas Bierwirth on board’s refusal to cancel past aircraft order with Airbus in 2013.

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