AFP, ABU DHABI: Abu Dhabi-based Etihad Airways said yesterday its president James Hogan will step down in the second half of 2017 after leading the fast-growing Gulf carrier for more than 10 years.
The government-owned carrier said the move is part of a "transition process" initiated by the board of Etihad Aviation Group and Hogan last year.
Australian Hogan became head of Etihad in 2006. Last year he was named president and Chief Executive Officer of Etihad Aviation Group in a restructuring process.
"I am very proud of what we have built together at Etihad and of the company's substantial contribution to the UAE and to the development of Abu Dhabi," Hogan said in the Etihad statement.
Hogan will join an investment company along with chief financial officer James Rigney, who will also leave the company later this year, the statement said.
"We look forward to (Hogan's) continued association with Abu Dhabi in new ways," Etihad Aviation Group chairman Mohamed al-Mazrouei said in the statement.
The search for a new CEO and CFO of the group is "already underway," the statement said.
Under last year's restructuring, the group named Peter Baumgartner as CEO of the carrier itself.
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Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.
Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.