EasyJet CEO Offloads Majority Of Shares Ahead Of Departure

22nd Jun 2010 16:19

LONDON (Dow Jones)--Airline easyJet PLC's (EZJ.LN) outgoing Chief Executive Andy Harrison has sold the majority of his shares in the budget airline, said a company statement Tuesday. Harrison, who leaves at the end of the month, has sold nearly 450,000 shares for about GBP1.9 million, said the statement. Harrison was unavailable for comment, but through an easyJet spokesman said the decision to sell his shares was due to his imminent departure. He added the price of Harrison's shares has increased in value by one-third during his tenure as CEO. -By Kaveri Niththyananthan, Dow Jones Newswires; 4420 7842 9299; [email protected] (END) Dow Jones Newswires June 22, 2010 11:19 ET (15:19 GMT)