Low-cost airline easyJet Plc (EZJ.L,ESYJY.PK) said Sir Mike Rake has informed the Board that he intends to step down as a non-executive director and as Chairman of easyJet plc in Summer 2013.
Sir Rake will still seek re-election at the Annual General Meeting on February 21 and has agreed to remain in his post to ensure a smooth transition and provide the Board time to identify a suitable replacement.
The Board’s Nomination Committee has commenced a process to select and appoint a successor to him and will review both internal and external candidates.
The stock settled up 5.2 percent on Friday at 945 pence.
Click here to receive FREE breaking news email alerts for easyJet Plc and others in your portfolio
by RTT Staff Writer
For comments and feedback: editorial@rttnews.comBusiness News