(MENAFN- Bangladesh Monitor) Kuwait : After just three years, Airways Corporation (KAC) Chair-woman and CEO Rasha al Roumi has resig-ned, the airline confirmed.
Roumi tendered her resignation in a letter earlier this month, citing a lack of government backing and preferential treatment to other carriers, according to a report.
"Airways on April 17 announced the formation of a new Board of Directors under a ministerial decree issued by the Minister of State for Economic Affairs," the airline said in a statement to a leading publication.
"Airways will continue to implement the five-year strategy and change management plan announced in the fourth quarter of last year (2016) so as to reach a sustainable financial future and profitability for the airline," it added.
The new Board of Directors is now chaired by Sami Fahd Al-Rushaid, former chief of National Petroleum Company, with Faleh Abdullah Al-Reqba as Vice-Chairman, and will serve "with immediate effect, for a period of three years."
Rasha al Roumi was appointed to lead Airways Corporation in 2014. The only female airline CEO in the Arab world, al-Roumi had been pursuing an ambitious plan to turn around one of the Middle East's oldest carriers after two decades of tumbling profits, had left its owners considering selling off the airline.
In a heated letter announcing her resignation, al Roumi said the government had refused to honour a KD 600 million payment it had had earlier pledged to, and provided preferential treatment to another domestic competitor, according to a report in Times.
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