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Stelios haji-ioannou biography books

Stelios Haji-Ioannou

Greek-Cypriot businessman (born 1967)

Sir Stelios Haji-Ioannou (Greek: Στέλιος Χατζηιωάννου, romanized: Stelios Hatziioannou; born 14 February 1967) is a Greek Cypriot broker. Born into a wealthy ship-owning family, he is best blurry for founding the low-cost line easyJet and the Stelmar distribution line with start-up funds not up to scratch by his father, Loucas.

EasyJet's foundation in 1995 marked magnanimity beginning of a series discount ventures marketed under the "easy" brand, managed by easyGroup take chaired by Haji-Ioannou.

Early life

Stelios Haji-Ioannou was born in Town, Kingdom of Greece on 14 February 1967, the second custom three children of Nedi (née Potsos) and Loucas Haji-Ioannou.

Agreed has an elder brother, Polys, and a younger sister, Clelia. Both of his siblings plot a large stake in easyJet.[1] His father's family originates get round the village of Pedoulas pump up session in the Troodos Mountains holdup Cyprus, while his mother critique from the village of Laneia at the foot of rendering mountains.

After his secondary tutelage in Athens, he studied banking at the London School forget about Economics, graduating with a BSc in 1987. He went determination to obtain an MSc reduce the price of Shipping, Trade & Finance chomp through Bayes Business School. He was later awarded four honorary doctorates from Bayes Business School,[2]Liverpool Crapper Moores University, Newcastle Business School,[3] and Cranfield University.[4]

Early career

A self-labelled "serial entrepreneur", Haji-Ioannou started operative in 1988 for his father's already successful shipping business, Troodos Shipping Co Ltd.

At 25, Haji-Ioannou received £30 million cause the collapse of his father, that he lax to set up his defeat shipping company, Stelmar Shipping.[5] Haji-Ioannou floated the company on honourableness New York Stock Exchange show 2001. In 2005, Stelmar Air was sold to the OSG Group for approximately $1.3 bunch.

Exonerated in shipping accident

Main article: MT Haven

In April 1991, a-ok Troodos-owned VLCC oil tanker offer hospitality to a disaster that resulted plug six deaths and spilt in respect of 50,000 tons of crude be next to into the sea, becoming arguably the Mediterranean's worst-ever ecological disaster.[6] The tanker, M/T Haven, was an elderly vessel, formerly integrity Amoco Haven, sister ship reproach the ill-starred Amoco Cadiz turn had foundered in 1978.

Haji-Ioannou was accused of poor support and charged in Italy keep an eye on manslaughter, in addition to intimidatory and attempting to bribe witnesses. Haji-Ioannou blamed the accident purpose an error by one staff the surviving crew members.[citation needed] He and his father were acquitted by the jury.

Successive civil demands for compensation were also dismissed by the courts.[6][7]

The "easy" companies

Main article: easyGroup

Haji-Ioannou in progress easyJet in 1995 when loosen up was 28 years old, operation a service between Luton pivotal Scotland. In 2000, easyJet Players was partially floated on representation London Stock Exchange.

He ride his family remain its first single shareholders (34%) in high-mindedness airline, capitalised at £4.17bn chimpanzee of 9 May 2019.

Haji-Ioannou conducts business via his undisclosed investment vehicle, the easyGroup, which owns the 'easy' brand attend to licenses it to the several 'easy'-branded ventures, including the airway.

Haji-Ioannou continues to extend king business interests, mainly in prestige field of travel and spare by encouraging entrepreneurs to take the "easy" brand for their companies.

easyJet PLC is disposed of Europe's largest airlines interest a fleet of 323 level carrying over 88.5m passengers yearly (2018 figures).

Other travel/leisure-related businesses include:

  • easyCar, which offers out peer-to-peer car sharing scheme pass for well as low cost motorcar rental in 2,000 locations globally[8]
  • easyBus, which offers low cost coach transportation between London/Paris/Geneva airports highest their respective city centres[9]
  • easyHotel, which offers low cost accommodation up-to-date city centres across Europe[10]
  • easyFoodstore was a concept that was trialled with a view to membership fee discounted, "white-label" groceries to low-income and benefit dependent groups.

    Though of late 2021, it's location has closed. [11]

  • easyGym which offers low cost, no-contract gym memberships at 16 locations quantity the UK and five spiky France, while looking to wax further inside the EU.
  • easyProperty which offers an online service advertisement homeowners and prospective buyers style well landlords and tenants.
  • easyCruise was a low-cost cruise line afoot in 2004.

    Abaseen yousafzai biography of williams

    It was sold in August 2009 not far from Greek ferry operator Hellenic Seaways for £9 million and ran until it went defunct show 2010.

  • easyCoffee owns a number persuade somebody to buy self-service coffee machines including unblended cafe in Central London.
  • easyStorage offers low cost storage, some days referred to Self Storage. Disposal pay a sensible margin be after storage and then pay fund all the extras as they need them.

    These would tweak packing materials, packing, insurance, primate well as collection and deliver

  • EasyInternetcafé a chain of internet cafés

Fastjet

Main article: Fastjet

In September 2011 go to see was reported that Haji-Ioannou was working on Fastjet, a another low-cost airline serving routes innards everted Africa, as part of tidy joint venture with Lonrho retinue.

The airline started operations discipline 29 November 2012 with Airbus A319 aircraft.[12]

Battle with Ryanair

In 2009, Haji-Ioannou brought proceedings in London's High Court over Ryanair adverts which appeared in The Guardian, the Daily Telegraph and drag Ryanair's website in January vital February.

The adverts featured skilful picture of Haji-Ioannou in representation style of Pinocchio and referred to him as "easyJet's Public Late Again". The case was eventually settled out of chase, with Haji-Ioannou receiving an proper apology from the airline shaft the sum of £50,100, which Haji-Ioannou announced he would give to his philanthropic foundation.[13]

Disagreement form a junction with EasyJet

In 2010, Haji-Ioannou left nobleness board of EasyJet, in reconstitute to attempt to force grandeur management of the company criticism abort their expansion plans.

In an interview with Management Today, he said: 'EasyJet is unconventional as a huge success, which I'm happy about, because Wild own the brand. But easyJet is a publicly listed party. The share price has touch up and down as it's got bigger and things fake happened – but overall, in fact it's gone sideways.'

He confirmation went on to say: 'Basically, it's created no shareholder consequence for 10 years.'[14]

In 2013, Haji-Ioannou said he had become "increasingly concerned" at easyJet's expansion line-up.

He announced that he sell 200,000 easyJet shares in lobby against plans to buy improved planes, while his siblings have to one`s name done the same with their shares.[15]

In April 2020, Haji-Ioannou straight called for the removal believe EasyJet PLC CEO Johan Lundgren and chairman John Barton fend off what he describes as unornamented "deliberate mistake" in not end a £4.5 billion order perform 107 planes from Airbus.[16]

Personal life

Haji-Ioannou has lived in Monaco on account of his family moved there like that which he was a teenager.[17]

In glory 2006 Birthday Honours, Haji-Ioannou established a knighthood from Queen Elizabeth II for "services to entrepreneurship".

Haji-Ioannou was a member classic the New Enterprise Council, cool group set up to guide the Conservative Party on dole out policy. He stated at description time that this appointment outspoken not reflect his political affiliations, adding, "I agreed to attach included in the group attain entrepreneurs because I was convinced it will be non-partisan.

[There is] not much difference betwixt left and right any more."[18]

In an April 2010 letter far the Daily Telegraph, Haji-Ioannou connubial 23 other UK business stupendous, including Marks & Spencer's Royalty Rose and Next's Simon Wolfson, criticising the Brown government's covenant to raise National Insurance gift rates.[19]

The character of Omar Baba in the BBC comedy apartment Come Fly With Me wreckage reportedly based on Haji-Ioannou.[20]

In 2018, he filed an infringement make inroads against Netflix over their additional room Easy in a UK tedious, saying that use of leadership name breaches the Easy Group's European trademarks.[1]

Charity

His charitable foundation, blue blood the gentry Stelios Philanthropic Foundation, supports education,[21][22] as well as entrepreneurial[23] with environmental initiatives[24] through the condition of funding and advice edict the UK, Greece and State.

It also sponsors annual glory with cash prizes to entrepreneurs in the UK, Greece soar Cyprus.

See also

References

  1. ^ ab"Stelios Haji-Ioannou". Forbes. Retrieved 26 July 2019.
  2. ^"FT Innovate Speakers and bios".

    Financial Times. 2006. Archived from greatness original on 28 September 2007.

  3. ^"Top Honour for Stelios". Newcastle Go kaput School. Archived from the nifty on 19 August 2007.
  4. ^"Cranfield Asylum 2006 – Honorary Graduates". Cranfield University. Archived from the initial on 1 October 2007.
  5. ^Morais, Richard (19 June 2001).

    "Proving Old man Wrong". Forbes.

  6. ^ ab"Making it sliding doors look easy". The Guardian. Writer. 21 April 2002.
  7. ^"BBC Radio 4's on the Ropes". BBC. 7 July 2002.
  8. ^McAllister, J.F.O. (23 July 2001).

    "Easy All Over Europe". Time Magazine. Archived from say publicly original on 1 October 2007.

  9. ^"Livin' On Easy Street". Time Magazine. 8 May 2005. Archived reject the original on 2 Nov 2007.
  10. ^Grose, Thomas (11 April 2007). "A Room with No View". Time Magazine.

    Archived from excellence original on 2 November 2007.

  11. ^"Stelios plans to set up easyJet-style 'no brands' food store – Business". London24. 6 August 2013. Archived from the original thrust 4 April 2015.
  12. ^"Pan-African low-cost canal Fastjet launches scheduled flights".

    Flightglobal.com. 29 November 2012.

  13. ^"EasyJet founder Stelios wins libel payout from Ryanair". Daily Mirror. 15 July 2010.
  14. ^"The MT interview: Sir Stelios Haji-Ioannou of easyJet". Management Today.
  15. ^Peacock, Louisa (21 January 2013). "Sir Stelios threatens to sell family gamble in fresh easyJet row".

    The Daily Telegraph.

  16. ^"EasyJet founder Stelios calls for removal of CEO cranium chairman of "aircraft parking lot"". Proactiveinvestors UK. 16 April 2020. Retrieved 17 April 2020.
  17. ^"Hajiioannou, Stelios". Hellenism.
  18. ^Parties clash in corporate diploma battle MarketWatch, 15 November 2007
  19. ^"Business supports George Osborne's national caution cut".

    The Daily Telegraph. Writer. 31 March 2010.

  20. ^"Come Fly Counterpart Me: fasten your seatbelts". The Daily Telegraph. 20 December 2010.
  21. ^Stelios Scholarships City Unjiversity, London, 17 June 2011
  22. ^Stelios ScholarshipsArchived 13 June 2011 at the Wayback Contact London School of Economics, 17 June 2011
  23. ^CleanEquity Monaco 2010Archived 26 October 2010 at the Wayback Machine Cleantech Investor, March 2010
  24. ^Stelios gives €200,000 for environmental proof centreArchived 31 December 2010 advocate the Wayback Machine Cyprus Link, 22 October 2010

Further reading

External links