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Stelios to look for new easyJet chairman

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Chandler announced his resignation in Feburary but wasn’t expected to leave the company until November. However, the budget airline has announced that he’s stepping down in July.

Sir David Michels, the senior independent non-executive director, will become interim chairman; among the names in the mix for a permanent replacement is BT chairman Sir Michael Rake. He’s been appointed deputy chairman today.

Stelios founded easyJet in 1995, floating the company in 2000. He’s had many public stoushes with the easyJet board of directors; last year’s spat saw Stelios calling for a complete halt to expansion and for the firm to pay a dividend for the first time.

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