EasyJet founder Stelios loses bid to oust senior figures

Last month, Sir Stelios sought a general meeting of the airline’s board, proposing to remove easyJet chief executive Johan Lundgren, chairman John Barton, chief financial officer Andrew Findlay, and independent non-executive director Andreas Bierworth.

Sir Stelios, whose family remains easyJet’s largest shareholder with around a 34% stake in the business, had repeatedly called for the airline’s board to cancel a £4.5 billion order with Airbus to preserve cash.

However, at Friday’s meeting (22 May), Sir Stelios’s fellow shareholders voted 58% to 42% in favour of the board’s recommendation against his resolutions.