Apr 13, 2017
Rupert Hogg, Cathay Pacific
operations chief was announced as the new CEO after Ivan Chu will step down on May 1 officially, press release said.
The announcement of senior management changes in the group released on Wednesday afternoon as hundreds of Cathay staff gathered at the airline's Cathay City headquarters for a sudden town hall meeting. The leadership reshuffle was announced at the meeting after the stock market closed at 4:30pm.
As a new appointed CEO, Rupert will lead the airline through its three-year corporate transformation programme with the aim of becoming more agile and competitive in the challenging market place.
The Chairman of parent company Swire Pacific John Slosar said, he was optimistic that the changes in play would build on the foundations laid by the current management and help take the airline to "new heights.
Rupert brings an impressive level of aviation and business experience to the job. "He brings commercial focus and a spirit of innovation to our efforts to overcome the well-documented structural challenges facing the airline. He is the right man to lead our team." Slosar said.
Ivan Chu, currently Chief Executive Officer of Cathay Pacific will step down as CEO of Cathay Pacific and Chairman of Hong Kong Dragon Airlines Limited but will remain on the boards of Cathay Pacific as a Non-executive Director and Swire Pacific.
Source: Cathay Pacific Airlines