Rupert Hogg and Paul Loo will leave Cathay Pacific on Monday 19 August following the board of director’s decision that the airline needed new leadership.
Augustus Tang will take over from Hogg as chief executive officer and Ronald Lam will fill Loo’s role of chief customer and commercial officer.
Lam will also continue as chief executive officer of Hong Kong Express until a successor has been appointed.
John Slosar, chairman of Cathay Pacific says: “Augustus Tang and Ronald Lam have the experience and depth of knowledge of aviation and our people to be strong and effective leaders of Cathay Pacific at this sensitive time.”
Hogg says: “It has been my honour to lead the Cathay Pacific Group over the last three years. I am confident in the future of Hong Kong as the key aviation hub in Asia. However, these have been challenging weeks for the airline and it is right that Paul and I take responsibility as leaders of the company.”
Slosar adds that Hogg and his team’s execution of the three-year Transformation Programme has been important to Cathay Pacific’s recovery but recent events have called into question the airline’s commitment to flight safety and security.
Describing this as regrettable, Slosar says: “We therefore think it is time to put a new management team in place who can reset confidence and lead the airline to new heights. Cathay Pacific is fully committed to Hong Kong under the principle of ‘One Country Two Systems’ as enshrined in the Basic Law. We are confident that Hong Kong will have a great future.”