(MENAFN- Bangladesh Monitor) Dhaka: Rupert Hogg, CEO of Cathay Pacific Airways is to step down as the company's leader 'in view of recent events.'
The carrier has been under huge political pressure from Beijing after one of its pilots was found to have taken part in the ongoing protests in Hong Kong. Another pilot was then said to have misused company information related to the protests. Both were subsequently sacked by the airline.
In a statement to the Hong Kong Stock Exchange on August 16, Cathay Pacific's board confirmed that Hogg would step down as CEO despite there not being any matter that shareholders needed to be made aware of.
'He has also confirmed that he has resigned to take responsibility as a leader of the Company in view of recent events and that he is not aware of any disagreement with the Board,' added the statement.
From August 12, Hogg will be replaced by Augustus Tang. The airline also confirmed that Paul Loo has resigned as an Executive Director and Chief Customer and Commercial Officer and, on August 12, will be replaced by Ronald Lam.
In a separate statement issued by the airline, outgoing CEO Hogg said, 'These have been challenging weeks for the airline and it is right that Paul and I take responsibility as leaders of the company.'
Cathay's chairman, John Slosar, added that it was time to put 'a new management team in place who can reset confidence'.
MENAFN1708201901630000ID1098893581
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.