Fastjet hits out at Stelios Haji-Ioannou for attacking chairman

Fastjet has hit out at Stelios Haji-Ioannou, the co-founder and second-biggest shareholder in the airline, for calling on investors to oust its chairman. Colin Child became chairman of the airline in September last year. Haji-Ioannou condemned Child for taking a lot of time to appoint a new CE after Ed Winter quit in January. Nico Bezuidenhout, who was previously CE of Mango Airlines, was appointed only last week. In a letter to shareholders, Rob Burnham, Fastjet’s non-executive director, wrote: “The board firmly considers that a period of continuity and stability is essential following the appointment of the new chief executive and the numerous board changes that have occurred in the past year." Earlier this week, the EasyJet founder wrote to shareholders of Fastjet urging them to vote to remove Child at its annual meeting June 28. <br/>
City AM
http://www.cityam.com/243522/fastjet-hits-out-stelios-haji-ioannou-attacking-chairman
6/16/16