Sir Mike Rake to step down as easyJet chairman

The former head of accountant KPMG, who also chairs telecoms giant BT, insisted the move was intended to head off a potential corporate governance clash if the carrier joins the FTSE 100, and is unrelated to a long-standing row with easyJet founder Sir Stelios Haji-Ioannou. Last week Stelios sold 1 per cent of his holding in protest and warned he ... (more)