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(Alliance News) - easyJet PLC on Thursday said founder and largest shareholder Stelios Haji-Ioannou has requisitioned a general meeting to remove Non-Executive Director Andreas Bierwirth from his position.
Shares in easyJet were down 3.6% at 506.60 pence in London in early morning trading.
Bierwirth joined the board of the budget airline in July 2014 and is currently chief executive of Magenta Telekom, formerly known as T-Mobile Austria.
"The board is considering the contents of the requisition notice and further announcements will be made as appropriate. Shareholders are advised to take no action at this time," easyJet said.
On Monday, Haji-Ioannou warned he would seek the removal of the entire board unless the company cancelled a GBP4.5 billion aircraft contract with Airbus SE, as the budget airliner grounded its entire fleet.
In a letter addressed to easyJet's board, Haji-Ioannou said he will send notices of general meetings to remove non-executive directors of the company for dereliction of duty unless his demands were met. He owns 34% of the company via investment vehicle easyGroup Holdings Ltd, which sent the requisition notice.
At present, easyJet has grounded its entire fleet due to travel restrictions imposed by governments around the world in response to the coronavirus pandemic.
Airlines have taken a hit as countries around the globe close their borders and ordered citizens to stay at home as much as possible to help contain the virus spread.
By Anna Farley; annafarley@alliancenews.com
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