Fastjet says CE to step down this week
Fastjet has said its CE is to step down this week, less than a month after its second-largest shareholder Stelios Haji-Ioannou called for his dismissal. The EasyJet founder, who owns a 12% stake in the company through a private investment vehicle, called in February for a general meeting to dismiss Ed Winter immediately. Winter is due to step down Friday March 18. Haji-Ioannou had also called for the removal of general counsel Krista Bates and the appointment of non-executive chairman Colin Child to an executive position. He said Winter had created significant overheads for the company, resulting in a high-cost base. Fastjet said Bates would step down immediately and that Child would be appointed executive chairman until a new CE is appointed. <br/>
https://portal.staralliance.com/imagelibrary/news/hot-topics/2016-03-15/unaligned/fastjet-says-ce-to-step-down-this-week
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Fastjet says CE to step down this week
Fastjet has said its CE is to step down this week, less than a month after its second-largest shareholder Stelios Haji-Ioannou called for his dismissal. The EasyJet founder, who owns a 12% stake in the company through a private investment vehicle, called in February for a general meeting to dismiss Ed Winter immediately. Winter is due to step down Friday March 18. Haji-Ioannou had also called for the removal of general counsel Krista Bates and the appointment of non-executive chairman Colin Child to an executive position. He said Winter had created significant overheads for the company, resulting in a high-cost base. Fastjet said Bates would step down immediately and that Child would be appointed executive chairman until a new CE is appointed. <br/>
