etihad airways veteran ceo james hogan to step down
Last Updated : GMT 07:25:12
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 07:25:12
Arab Today, arab today

Etihad Airways: veteran CEO James Hogan to step down

Arab Today, arab today

Arab Today, arab today Etihad Airways: veteran CEO James Hogan to step down

James Hogan speaks during a press conference in Rome
Abu Dhabi/Frankfurt - Arab Today

The veteran chief executive of Abu Dhabi’s Etihad Aviation Group will leave this year, the company announced on Tuesday, but said it remained committed to his strategy of extending the airline’s reach through stakes in foreign airlines.
Australian James Hogan, 60, who over the past 10 years has developed Etihad Airways into an aggressive rival to Dubai’s Emirates and Qatar Airways, will step down as president and CEO of the group in the second half of 2017.
Etihad’s Australian chief financial officer, James Rigney, will also leave this year, the company said.
Chairman Mohamed Mubarak Fadhel Al-Mazrouei said Etihad was continuing with a “company-wide strategic review” which could include adjustments to the network of equity partnerships with other carriers that Hogan used to engineer Etihad’s rapid growth.
Two of the major airlines in which Etihad invested, Air Berlin and Alitalia, are losing money, adding to pressure on Etihad’s earnings caused by slowing growth in the Middle East’s aviation market.
However, Al-Mazrouei said state-owned Etihad was not abandoning the equity partnership model, which along with code-sharing tie-ups had delivered 5.5 million passengers onto its flights in 2016.
“We must ensure that the airline is the right size and the right shape. We must continue to improve cost efficiency, productivity and revenue. We must progress and adjust our airline equity partnerships even as we remain committed to the strategy,” he said.
An Etihad spokesman told Reuters there was no link between the strategic review and Hogan’s departure, which had been planned for many months.
Etihad said it had started a global search for a new group CEO and a new CFO. It said it was grateful to Hogan and that he and Rigney, 49, would join a Europe-based investment company, which it did not name.
“Along with the board and my 26,000 colleagues, I am very proud of what we have built together at Etihad and of the company’s substantial contribution to the United Arab Emirates (UAE) and to the development of Abu Dhabi,” Hogan said in a statement.
“The last decade has seen incredible results but this only represents a first chapter in the story of Etihad.”

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

etihad airways veteran ceo james hogan to step down etihad airways veteran ceo james hogan to step down

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

etihad airways veteran ceo james hogan to step down etihad airways veteran ceo james hogan to step down

 



Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation

GMT 01:55 2016 Monday ,13 June

2 injured in Beirut explosion

GMT 15:00 2017 Monday ,09 January

OPEC Secretary-General meets

GMT 21:42 2014 Saturday ,16 August

Qatar police college receives first batch of students

GMT 12:15 2017 Wednesday ,08 March

Rail House Café appoints Anteater Communications

GMT 08:17 2018 Tuesday ,16 January

No Brexit deal would cost Scotland £12.7bn: study

GMT 00:49 2017 Tuesday ,11 April

Shaheen Air to connect Muscat with Multan

GMT 01:39 2016 Friday ,30 September

Rome's Olympic bid buried

GMT 10:10 2016 Wednesday ,21 December

Christmas cheer missing in crisis-hit Rio

GMT 22:08 2017 Wednesday ,12 April

Hana al-Zaahed prepares for presenting new film

GMT 04:18 2017 Thursday ,13 July

China says June exports up 11.3%, imports up 17.2%

GMT 09:05 2013 Tuesday ,03 December

Syrian renowned actor Salim Kallas passes away
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday