EasyGroup Calls for Removal of Fastjet Chairman Colin Child

frican budget airline Fastjet Plc’s second-largest shareholder, easyGroup Holdings Ltd, asked the company to call for a general meeting seeking the removal of Chairman Colin Child. EasyGroup, controlled by Stelios Haji-Ioannou, said it had lost faith in Child, who was appointed chairman in September, as he had failed to appoint a new CEO and relocate the airline’s head office from Gatwick to Tanzania. Fastjet announced in March the departure of Chief Executive Ed Winter, bowing to pressure from easyGroup, which holds a 12.6 percent stake. Easygroup, in a letter made public on Friday, told the board that if Child is voted off the board, the company should promote internally someone who is based in Dar-es-Salaam to be acting CEO and appoint director Rob Burnham as interim chairman.

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