It has just been announced by the Etihad Aviation Group Board of Directors (in a statement) that the company’s President and Chief Executive Officer – James Hogan, will step down from his position in the second half of 2017.
It is also said that Hogan will join an investment company along with James Rigney (Etihad Aviation Group CFO) who is also expected to leave the company this year. There is currently a global search for a new Group CEO as well as a new Group CFO.
In 2006, Hogan took the helm at Etihad Airways.
“In just 10 years, he [Hogan] has overseen the growth of the company from a 22 plane regional carrier into a 120 aircraft global airline and aviation group, with seven airline equity partnerships which together serve more than 120 million guests every year. We look forward to James’ continued association with Abu Dhabi in new ways”, stated Mohammad Mubarak Fadhel Al Mazrouei (Chairman of the Board of the Etihad Aviation Group).
The transition process has already been implemented by the Board and Hogan.
“To position the company for continued success in a challenging market, the Board and management team will continue an ongoing, company-wide strategic review. We must ensure that the airline is the right size and the right shape. Etihad is a great business with strong fundamentals and a deeply experienced aviation and airline management team. These assets, along with a realigned organisation, provide more agility and added focus as Etihad enters the next phase of its development”, Al Mazrouei added.