Stelios ready to back Gurassa as chairman of easyJet
Charles Gurassa has emerged as the leading internal contender to replace easyJet chairman Sir Mike Rake after the airline's founder and top shareholder, Sir Stelios Haji-Ioannou, signalled he is likely to give his blessing.
A source close to Sir Stelios said relations with Mr Gurassa, deputy chairman since 2011, have always been civil and cordial – unlike with Sir Mike, who has been chairman for three years.
The easyJet founder voted against the re-election of Sir Mike at last year's annual meeting but did not oppose that of Mr Gurassa, a former boss at TUI Travel and Thomson Holidays.
Sir Stelios no longer runs the low-cost airline, now Britain's biggest, but wields influence through his family's near-37 per cent stake. He has fought plans to place a big order for new aircraft over fears it would be a financial risk. He has threatened to sell his entire shareholding, and recently dumped 1 per cent.
News that Sir Mike is quitting leaked at the weekend. Sir Stelios believes a new chairman must devote a large amount of time to easyJet, which is poised to enter the FTSE 100 index this spring after stellar growth.
Sir Mike juggles the chairmanship of BT and deputy chairmanship of Barclays, both FTSE 100 firms.
Bosses of collapsed banks should be sent to jail, banking standards commission tells George Osborne
Feat of engineering: Incredible photographs show construction beneath New York's Second Avenue
Brazil kicks off: World Cup excess draws hundreds of thousands to street protests
World news in pictures
Google challenges US surveillance gagging order
- 1 Diary of Second World War German teenager reveals young lives untroubled by Nazi Holocaust in wartime Berlin
- 2 Bosses of collapsed banks should be sent to jail, banking standards commission tells George Osborne
- 3 Breaking the Silence: In the reality of occupation, there are no Palestinian civilians – only potential terrorists
- 4 Uri Geller psychic spy? The spoon-bender's secret life as a Mossad and CIA agent revealed
- 5 Vice pulls 'breathtakingly tasteless' fashion shoot glorifying the suicides of famous female authors from Sylvia Plath to Virginia Woolf
iJobs Money & Business
£550 - £600 per day: Orgtel: Fidessa Analyst / PM - Banking - London - Up to £...
£55000 - £60000 per annum + Benefits + Pension: Orgtel: Quantitative Analyst, ...
£150 - £250 per day: Orgtel: KYC Analyst - London - Banking - £150-250/day C...
£425 - £550 per day: Orgtel: Senior Finance Project Manager - £550 - Bristol -...