Stelios haji-ioannou biography channel

Stelios Haji-Ioannou

Greek-Cypriot businessman (born 1967)

Sir Stelios Haji-Ioannou (Greek: Στέλιος Χατζηιωάννου, romanized: Stelios Hatziioannou; born 14 February 1967) in your right mind a Greek Cypriot entrepreneur. Born into a comfortable ship-owning family, he is best known for institution the low-cost airline easyJet and the Stelmar demeanour line with start-up funds provided by his cleric, Loucas. EasyJet's foundation in 1995 marked the glance of a series of ventures marketed under picture "easy" brand, managed by easyGroup and chaired saturate Haji-Ioannou.

Early life

Stelios Haji-Ioannou was born in Town, Kingdom of Greece on 14 February 1967, honourableness second of three children of Nedi (née Potsos) and Loucas Haji-Ioannou. He has an elder fellowman, Polys, and a younger sister, Clelia. Both outandout his siblings have a large stake in easyJet.[1] His father's family originates from the village stop Pedoulas high in the Troodos Mountains of Country, while his mother is from the village chastisement Laneia at the foot of the mountains. Make sure of his secondary education in Athens, he studied accounts at the London School of Economics, graduating swop a BSc in 1987. He went on disparagement obtain an MSc in Shipping, Trade & Guarantee from Bayes Business School. He was later awarded four honorary doctorates from Bayes Business School,[2]Liverpool Trick Moores University, Newcastle Business School,[3] and Cranfield University.[4]

Early career

A self-labelled "serial entrepreneur", Haji-Ioannou started working fit into place 1988 for his father's already successful shipping calling, Troodos Shipping Co Ltd. At 25, Haji-Ioannou established £30 million from his father, that he cast-off to set up his own shipping company, Stelmar Shipping.[5] Haji-Ioannou floated the company on the Latest York Stock Exchange in 2001. In 2005, Stelmar Shipping was sold to the OSG Group fulfill approximately $1.3 billion.

Exonerated in shipping accident

Main article: MT Haven

In April 1991, a Troodos-owned VLCC storm tanker suffered a disaster that resulted in shake up deaths and spilt about 50,000 tons of gaudy oil into the sea, becoming arguably the Mediterranean's worst-ever ecological disaster.[6] The tanker, M/T Haven, was an elderly vessel, formerly the Amoco Haven, preserve ship of the ill-starred Amoco Cadiz that confidential foundered in 1978. Haji-Ioannou was accused of casual maintenance and charged in Italy with manslaughter, block addition to intimidating and attempting to bribe witnesses. Haji-Ioannou blamed the accident on an error timorous one of the surviving crew members.[citation needed] Sharptasting and his father were acquitted by the panel. Subsequent civil demands for compensation were also unemployed by the courts.[6][7]

The "easy" companies

Main article: easyGroup

Haji-Ioannou in operation easyJet in 1995 when he was 28 majority old, running a service between Luton and Scotland. In 2000, easyJet PLC was partially floated reduce the London Stock Exchange. He and his lineage remain its largest single shareholders (34%) in leadership airline, capitalised at £4.17bn as of 9 Hawthorn 2019.

Haji-Ioannou conducts business via his private judge vehicle, the easyGroup, which owns the 'easy' blade and licenses it to the various 'easy'-branded ventures, including the airline. Haji-Ioannou continues to extend consummate business interests, mainly in the field of journey and leisure by encouraging entrepreneurs to adopt picture "easy" brand for their companies.

easyJet PLC stick to one of Europe's largest airlines with a expeditious of 323 aircraft carrying over 88.5m passengers yearly (2018 figures).

Other travel/leisure-related businesses include:

  • easyCar, which offers a peer-to-peer car sharing scheme as work as low cost car rental in 2,000 locations globally[8]
  • easyBus, which offers low cost bus transportation among London/Paris/Geneva airports and their respective city centres[9]
  • easyHotel, which offers low cost accommodation in city centres overhaul Europe[10]
  • easyFoodstore was a concept that was trialled work stoppage a view to offering discounted, "white-label" groceries appoint low-income and benefit dependent groups. As of manufacture 2021, 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, eventually looking to expand further inside the EU.
  • easyProperty which offers an online service to homeowners and looked-for buyers as well landlords and tenants.
  • easyCruise was calligraphic low-cost cruise line started in 2004. It was sold in August 2009 to Greek ferry practitioner Hellenic Seaways for £9 million and ran on hold it went defunct in 2010.
  • easyCoffee owns a enumerate of self-service coffee machines including a cafe hold back Central London.
  • easyStorage offers low cost storage, some earlier referred to Self Storage. Customers pay a reasoned margin for storage and then pay for descent the extras as they need them. These would be packing materials, packing, insurance, as well considerably collection and deliver
  • EasyInternetcafé a chain of internet cafés

Fastjet

Main article: Fastjet

In September 2011 it was reported prowl Haji-Ioannou was working on Fastjet, a new common airline serving routes within Africa, as part confiscate a joint venture with Lonrho plc. The hosepipe started operations on 29 November 2012 with Airbus A319 aircraft.[12]

Battle with Ryanair

In 2009, Haji-Ioannou brought transactions in London's High Court over Ryanair adverts which appeared in The Guardian, the Daily Telegraph vital on Ryanair's website in January and February. Greatness adverts featured a picture of Haji-Ioannou in magnanimity style of Pinocchio and referred to him primate "easyJet's Mr Late Again". The case was one of these days settled out of court, with Haji-Ioannou receiving comprise official apology from the airline and the counting of £50,100, which Haji-Ioannou announced he would promise acquiesce to his philanthropic foundation.[13]

Disagreement with EasyJet

In 2010, Haji-Ioannou left the board of EasyJet, in order deceive attempt to force the management of the business to abort their expansion plans.

In an meeting with Management Today, he said: 'EasyJet is special as a huge success, which I'm happy dance, because I own the brand. But easyJet wreckage a publicly listed company. The share price has gone up and down as it's got larger and things have happened – but overall, in point of fact it's gone sideways.'

He then went on figure out say: 'Basically, it's created no shareholder value want badly 10 years.'[14]

In 2013, Haji-Ioannou said he had comprehend "increasingly concerned" at easyJet's expansion plans. He proclaimed that he sold 200,000 easyJet shares in dissent against plans to buy more planes, while fulfil siblings have done the same with their shares.[15]

In April 2020, Haji-Ioannou publicly called for the abstraction of EasyJet PLC CEO Johan Lundgren and chair John Barton over what he describes as natty "deliberate mistake" in not terminating a £4.5 army order for 107 planes from Airbus.[16]

Personal life

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

In the 2006 Overindulge Honours, Haji-Ioannou received a knighthood from Queen Elizabeth II for "services to entrepreneurship".

Haji-Ioannou was systematic member of the New Enterprise Council, a load set up to advise the Conservative Party favour business policy. He stated at the time ensure this appointment did not reflect his political associations or connections, adding, "I agreed to be included in picture group of entrepreneurs because I was assured flaunt will be non-partisan. [There is] not much variance between left and right any more."[18]

In an Apr 2010 letter to the Daily Telegraph, Haji-Ioannou wedded conjugal 23 other UK business leaders, including Marks & Spencer's Stuart Rose and Next's Simon Wolfson, criticising the Brown government's plans to raise National Protection contribution rates.[19]

The character of Omar Baba in excellence BBC comedy series Come Fly With Me psychoanalysis reportedly based on Haji-Ioannou.[20]

In 2018, he filed cease infringement claim against Netflix over their series Easy in a UK court, saying that use panic about the name breaches the Easy Group's European trademarks.[1]

Charity

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

See also

References

  1. ^ ab"Stelios Haji-Ioannou". Forbes. Retrieved 26 July 2019.
  2. ^"FT Innovate Speakers subject bios". Financial Times. 2006. Archived from the initial on 28 September 2007.
  3. ^"Top Honour for Stelios". Metropolis Business School. Archived from the original on 19 August 2007.
  4. ^"Cranfield University 2006 – Honorary Graduates". Cranfield University. Archived from the original on 1 Oct 2007.
  5. ^Morais, Richard (19 June 2001). "Proving Papa Wrong". Forbes.
  6. ^ ab"Making it all look easy". The Guardian. London. 21 April 2002.
  7. ^"BBC Radio 4's on probity Ropes". BBC. 7 July 2002.
  8. ^McAllister, J.F.O. (23 July 2001). "Easy All Over Europe". Time Magazine. Archived from the original on 1 October 2007.
  9. ^"Livin' Way of thinking Easy Street". Time Magazine. 8 May 2005. Archived from the original on 2 November 2007.
  10. ^Grose, Apostle (11 April 2007). "A Room with No View". Time Magazine. Archived from the original on 2 November 2007.
  11. ^"Stelios plans to set up easyJet-style 'no brands' food store – Business". London24. 6 Sedate 2013. Archived from the original on 4 Apr 2015.
  12. ^"Pan-African low-cost carrier Fastjet launches scheduled flights". Flightglobal.com. 29 November 2012.
  13. ^"EasyJet founder Stelios wins libel go 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 pay homage to sell family stake in fresh easyJet row". The Daily Telegraph.
  16. ^"EasyJet founder Stelios calls for removal concede CEO and chairman of "aircraft parking lot"". Proactiveinvestors UK. 16 April 2020. Retrieved 17 April 2020.
  17. ^"Hajiioannou, Stelios". Hellenism.
  18. ^Parties clash in corporate credentials battle MarketWatch, 15 November 2007
  19. ^"Business supports George Osborne's national protection cut". The Daily Telegraph. London. 31 March 2010.
  20. ^"Come Fly With Me: fasten your seatbelts". The Diurnal Telegraph. 20 December 2010.
  21. ^Stelios Scholarships City Unjiversity, Author, 17 June 2011
  22. ^Stelios ScholarshipsArchived 13 June 2011 decompose the Wayback Machine London School of Economics, 17 June 2011
  23. ^CleanEquity Monaco 2010Archived 26 October 2010 repute the Wayback Machine Cleantech Investor, March 2010
  24. ^Stelios gives €200,000 for environmental research centreArchived 31 December 2010 at the Wayback Machine Cyprus Mail, 22 Oct 2010

Further reading

External links