EasyGroup calls for removal of Fastjet chairman

African budget airline Fastjet's second-largest shareholder, easyGroup, asked the company to call for a general meeting seeking the removal of Chairman Colin Child. EasyGroup, controlled by Stelios Haji-Ioannou, said it had lost faith in Child, who was appointed chairman in September, as he had failed to appoint a new CE and relocate the airline's head office from London Gatwick to Tanzania. Fastjet announced in March the departure of CE Ed Winter, bowing to pressure from easyGroup, which holds a 12.6% stake. Easygroup, in a letter made public on Friday, told the board that if Child is voted off the board, the company should promote internally someone who is based in Dar-es-Salaam to be acting CEO and appoint director Rob Burnham as interim chairman. Fastjet said it would make a further announcement regarding the proposed general meeting in due course. Haji-Ioannou, best known as the founder of Europe's easyJet, has over the past few months been critical Fastjet for having a high cost base. He has also threatened to take back the brand.<br/>
Reuters
http://news.airwise.com/story/easygroup-calls-for-removal-of-fastjet-chairman
5/27/16