Rupert Hogg has resigned as the CEO of Cathay Pacific and Paul Loo has stepped down as the airline’s chief customer and commercial officer. Both resignations have been accepted by the carrier’s board of directors.
Following the departures, Augustus Tang has been appointed CEO, succeeding Mr. Rupert Hogg; while Ronald Lam has been named chief customer and commercial officer, succeeding Paul Loo.
Lam will remain CEO of Hong Kong Express until a successor has been appointed.
John Slosar, chairman of Cathay Pacific, commented: “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. Hong Kong is a fantastic home for our airline. It is a world class city and has a premium airport which is the biggest international passenger and cargo hub in Asia. Cathay Pacific has a relentless focus on standards of safety and care, and an unrivalled reputation for customer service.”
Commenting on his resignation, Hogg stated: “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 added, “Rupert Hogg and his team executed the three-year Transformation Program which has been important to Cathay Pacific’s recovery and provides a strong platform for continued development. However, recent events have called into question Cathay Pacific’s commitment to flight safety and security and put our reputation and brand under pressure.”
Slosar continued: “This is regrettable as we have always made safety and security our highest priority. 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.”