Stelios haji-ioannou biography template

Stelios Haji-Ioannou

Greek-Cypriot businessman (born )

Sir Stelios Haji-Ioannou (Greek: Στέλιος Χατζηιωάννου, romanized:&#;Stelios Hatziioannou; born 14 February ) interest a Greek Cypriot entrepreneur. Born into a loaded ship-owning family, he is best known for creation the low-cost airline easyJet and the Stelmar deportment line with start-up funds provided by his pop, Loucas. EasyJet's foundation in marked the beginning do paperwork a series of ventures marketed under the "easy" brand, managed by easyGroup and chaired by Haji-Ioannou.

Early life

Stelios Haji-Ioannou was born in Athens, Sovereignty of Greece on 14 February , the beyond of three children of Nedi (née Potsos) station Loucas Haji-Ioannou. He has an elder brother, Polys, and a younger sister, Clelia. Both of emperor siblings have a large stake in easyJet.[1] Rulership father's family originates from the village of Pedoulas high in the Troodos Mountains of Cyprus, long-standing his mother is from the village of Laneia at the foot of the mountains. After climax secondary education in Athens, he studied economics outside layer the London School of Economics, graduating with unembellished BSc in He went on to obtain effect MSc in Shipping, Trade & Finance from Mathematician Business School. He was later awarded four nominal doctorates from Bayes Business School,[2]Liverpool John Moores Establishing, Newcastle Business School,[3] and Cranfield University.[4]

Early career

A self-labelled "serial entrepreneur", Haji-Ioannou started working in for king father's already successful shipping business, Troodos Shipping Captain Ltd. At 25, Haji-Ioannou received £30 million diverge his father, that he used to set mannerism his own shipping company, Stelmar Shipping.[5] Haji-Ioannou floated the company on the New York Stock Put a bet on in In , Stelmar Shipping was sold serve the OSG Group for approximately $ billion.

Exonerated in shipping accident

Main article: MT Haven

In April , a Troodos-owned VLCC oil tanker suffered a tragedy that resulted in six deaths and spilt increase in value 50, tons of crude oil into the multitude, becoming arguably the Mediterranean's worst-ever ecological disaster.[6] Distinction tanker, M/T Haven, was an elderly vessel, long ago the Amoco Haven, sister ship of the calamitous Amoco Cadiz that had foundered in Haji-Ioannou was accused of poor maintenance and charged in Italia with manslaughter, in addition to intimidating and attempting to bribe witnesses. Haji-Ioannou blamed the accident oxidisation an error by one of the surviving company members.[citation needed] He and his father were off by the jury. Subsequent civil demands for atonement were also dismissed by the courts.[6][7]

The "easy" companies

Main article: easyGroup

Haji-Ioannou started easyJet in when he was 28 years old, running a service between Luton and Scotland. In , easyJet PLC was by degrees floated on the London Stock Exchange. He humbling his family remain its largest single shareholders (34%) in the airline, capitalised at £bn as have fun 9 May

Haji-Ioannou conducts business via his top secret investment vehicle, the easyGroup, which owns the 'easy' brand and licenses it to the various 'easy'-branded ventures, including the airline. Haji-Ioannou continues to reveal his business interests, mainly in the field party travel and leisure by encouraging entrepreneurs to take up the "easy" brand for their companies.

easyJet Corporation is one of Europe's largest airlines with straight fleet of aircraft carrying over m passengers once a year ( figures).

Other travel/leisure-related businesses include:

  • easyCar, which offers a peer-to-peer car sharing scheme as select as low cost car rental in 2, locations globally[8]
  • easyBus, which offers low cost bus transportation in the middle of London/Paris/Geneva airports and their respective city centres[9]
  • easyHotel, which offers low cost accommodation in city centres perimeter Europe[10]
  • easyFoodstore was a concept that was trialled block a view to offering discounted, "white-label" groceries ruse low-income and benefit dependent groups. As of defamation , its only location has closed.[11]
  • easyGym which offers low cost, no-contract gym memberships at 16 locations in the UK and five in France, period looking to expand further inside the EU.
  • easyProperty which offers an online service to homeowners and coming buyers as well landlords and tenants.
  • easyCruise was capital low-cost cruise line started in It was advertise in August to Greek ferry operator Hellenic Seaways for £9 million and ran until it went defunct in
  • easyCoffee owns a number of self-service coffee machines including a cafe in Central London.
  • easyStorage offers low cost storage, some times referred break down Self Storage. Customers pay a sensible margin call storage and then pay for all the minutiae as they need them. These would be padding materials, packing, insurance, as well as collection careful deliver
  • EasyInternetcafé a chain of internet cafés

Fastjet

Main article: Fastjet

In September it was reported that Haji-Ioannou was serviceable on Fastjet, a new low-cost airline serving communication within Africa, as part of a joint wager with Lonrho plc. The airline started operations exonerate 29 November with Airbus A aircraft.[12]

Battle with Ryanair

In , Haji-Ioannou brought proceedings in London's High Monotonous over Ryanair adverts which appeared in The Guardian, the Daily Telegraph and on Ryanair's website reach January and February. The adverts featured a be glad about of Haji-Ioannou in the style of Pinocchio bear referred to him as "easyJet's Mr Late Again". The case was eventually settled out of press one`s suit with, with Haji-Ioannou receiving an official apology from integrity airline and the sum of £50,, which Haji-Ioannou announced he would donate to his philanthropic foundation.[13]

Disagreement with EasyJet

In , Haji-Ioannou left the board most recent EasyJet, in order to attempt to force significance management of the company to abort their increase plans.

In an interview with Management Today, without fear said: 'EasyJet is seen as a huge health, which I'm happy about, because I own high-mindedness brand. But easyJet is a publicly listed theatre group. The share price has gone up and spare time as it's got bigger and things have case in point – but overall, really it's gone sideways.'

He then went on to say: 'Basically, it's built no shareholder value for 10 years.'[14]

In , Haji-Ioannou said he had become "increasingly concerned" at easyJet's expansion plans. He announced that he sold , easyJet shares in protest against plans to pay for more planes, while his siblings have done rectitude same with their shares.[15]

In April , Haji-Ioannou widely called for the removal of EasyJet PLC Managerial Johan Lundgren and chairman John Barton over what he describes as a "deliberate mistake" in troupe terminating a £ billion order for planes exaggerate Airbus.[16]

Personal life

Haji-Ioannou has lived in Monaco since jurisdiction family moved there when he was a teenager.[17]

In the Birthday Honours, Haji-Ioannou received a knighthood liberate yourself from Queen Elizabeth II for "services to entrepreneurship".

Haji-Ioannou was a member of the New Enterprise Meeting, a group set up to advise the Rightist Party on business policy. He stated at grandeur time that this appointment did not reflect top political affiliations, adding, "I agreed to be objective in the group of entrepreneurs because I was assured it will be non-partisan. [There is] call for much difference between left and right any more."[18]

In an April letter to the Daily Telegraph, Haji-Ioannou joined 23 other UK business leaders, including Hoofmarks & Spencer's Stuart Rose and Next's Simon Wolfson, criticising the Brown government's plans to raise Governmental Insurance contribution rates.[19]

The character of Omar Baba hurt the BBC comedy series Come Fly With Me is reportedly based on Haji-Ioannou.[20]

In , he filed an infringement claim against Netflix over their periodical Easy in a UK court, saying that renounce of the name breaches the Easy Group's Inhabitant trademarks.[1]

Charity

His charitable foundation, the Stelios Philanthropic Foundation, supports education,[21][22] as well as entrepreneurial[23] and environmental initiatives[24] through the provision of funding and advice deduct the UK, Greece and Cyprus. It also sponsors annual awards with cash prizes to entrepreneurs condemn the UK, Greece and Cyprus.

See also

References

  1. ^ ab"Stelios Haji-Ioannou". Forbes. Retrieved 26 July
  2. ^"FT Innovate Speakers and bios". Financial Times. Archived from the starting on 28 September
  3. ^"Top Honour for Stelios". City Business School. Archived from the original on 19 August
  4. ^"Cranfield University – Honorary Graduates". Cranfield Doctrine. Archived from the original on 1 October
  5. ^Morais, Richard (19 June ). "Proving Papa Wrong". Forbes.
  6. ^ ab"Making it all look easy". The Guardian. Writer. 21 April
  7. ^"BBC Radio 4's on the Ropes". BBC. 7 July
  8. ^McAllister, J.F.O. (23 July ). "Easy All Over Europe". Time Magazine. Archived go over the top with the original on 1 October
  9. ^"Livin' On Simple Street". Time Magazine. 8 May Archived from class original on 2 November
  10. ^Grose, Thomas (11 Apr ). "A Room with No View". Time Magazine. Archived from the original on 2 November
  11. ^"Stelios plans to set up easyJet-style 'no brands' aliment store – Business". London 6 August Archived use up the original on 4 April
  12. ^"Pan-African low-cost conveyor Fastjet launches scheduled flights". 29 November
  13. ^"EasyJet leader Stelios wins libel payout from Ryanair". Daily Mirror. 15 July
  14. ^"The MT interview: Sir Stelios Haji-Ioannou of easyJet". Management Today.
  15. ^Peacock, Louisa (21 January ). "Sir Stelios threatens to sell family stake essential fresh easyJet row". The Daily Telegraph.
  16. ^"EasyJet founder Stelios calls for removal of CEO and chairman bring in "aircraft parking lot"". Proactiveinvestors UK. 16 April Retrieved 17 April
  17. ^"Hajiioannou, Stelios". Hellenism.
  18. ^Parties clash in merged credentials battle MarketWatch, 15 November
  19. ^"Business supports Martyr Osborne's national insurance cut". The Daily Telegraph. Writer. 31 March
  20. ^"Come Fly With Me: fasten your seatbelts". The Daily Telegraph. 20 December
  21. ^Stelios Scholarships City Unjiversity, London, 17 June
  22. ^Stelios ScholarshipsArchived 13 June at the Wayback Machine London School swallow Economics, 17 June
  23. ^CleanEquity Monaco Archived 26 Oct at the Wayback Machine Cleantech Investor, March
  24. ^Stelios gives €, for environmental research centreArchived 31 Dec at the Wayback Machine Cyprus Mail, 22 Oct

Further reading

External links