EasyJet chief to step down

Andy Harrison, the chief executive of the low-cost airline Easyjet, is to step down at the end of June.

Including Andy Harrison, five senior executives have left the airline in wake of a boardroom battle with founder Stelios Haji-Iannou.

The airline said that Mr. Harrison would not leave until the end of next June to give it time to find a successor.

Director Stelios Haji-Iannou had opposed Easyjet’s expansion plans and advocated preserving cash during the economic downturn.

The airline also said that company’s deputy chairman Sir Michael Rake would replace Sir David Michels as chairman from January 1.

Mr. Harrison had joined Easyjet as CEO on December 1, 2005.

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