EasyJet chairman backs strategy ahead of stepping down

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EasyJet chairman Mike Rake is to step down from his post during the summer of this year, but has firmly backed the strategy of chief executive Carolyn McCall.

The change comes in the wake of yet another spat between the carrier and shareholder Stelios Haji-Ioannou, centred on EasyJet's fleet expansion.

Rake had been among the executives picked out by Haji-Ioannou during previous clashes over the airline's strategy, but survived external attempts to oust him.

EasyJet confirms that Rake is to stand for re-election at the airline's annual general meeting in February, to ease a transition, but will step down during the summer.

Rake says the airline has achieved profitable growth in the last three years, and that this is the "right time" for him to make the change.

He underlines his support for McCall direction, stating that she has "developed and implemented the right strategy" for the carrier which is "already bearing fruit with record profits".