EY ceo James Hogan to step down in the second half of 2017.
The Etihad Aviation Group Board of Directors has just announced a transition to a new chief executive officer, with incumbent James Hogan to leave the business, along with Etihad Aviation Group CFO James Rigney.
Hogan has led the company for more than a decade, taking Etihad to its current position carrying 18.5 million guests annually to 112 destinations with a fleet of 120 aircraft, with a further 178 on order. He said he was very proud of what he and his 26,000 colleagues had built together at Etihad.
Etihad Aviation Group chairman H.E. Mohamed Mubarak Fadhel Al Mazrouei said under Hogan’s leadership the company had provided new opportunities for thousands of Emiratis “and has been a critical element in the remarkable progress of Abu Dhabi and the UAE”.
H.E. Mazrouei said the Board and management team would now continue an ongoing, company-wide review to position Etihad for continued success. “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 Etihad is a great business with strong fundamentals and a deeply experienced management team. “These assets, along with a realigned organisation, provide more agility and added focus as Etihad enters the next phase of its development”.
A global search for a new Group CEO and a new Group CFO is already underway.
More details in tomorrow’s issue of Travel Daily.