JH and JR to leave the other airline
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JH and JR to leave the other airline
Nocookies | The Australian\
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"Etihad Airways has launched a global search for its two most important executive roles following the decision of fellow Australians, chief executive James Hogan and chief financial officer James Rigney, to step down from their roles.
Etihad announced this afternoon that both would leave the company in the second half of 2017 after a decade with the Middle Eastern carrier. Both plan to join an investment company which will have no association with Etihad.
The Australian’s Margin Call column reported in December that Mr Rigney was looking at potential opportunities back in his home town of Melbourne.
“We are very grateful to James. In just ten years, he 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,’’ said Etihad Aviation Group chairman H.E. Mohamed Mubarak Fadhel Al Mazrouei.
“It is a business which has set new benchmarks for service and innovation. Under his leadership, the company has provided new opportunities for thousands of Emiratis and has been a critical element in the remarkable progress of Abu Dhabi and the UAE. We look forward to James’ continued association with Abu Dhabi in new ways.”
It comes after Mr Hogan told The Australian last May that Etihad had started planning for life after his eventual departure from the top job, following almost a decade-and-a-half working with airlines in the Gulf region.
Under a restructure announced in April Mr Hogan was named chief executive of Etihad Aviation Group, an umbrella company created to house the airline’s various subsidiaries including Etihad Airways Engineering, Etihad Global Cargo Management Company, the Global Loyalty Company, Hala Abu Dhabi and Etihad Airport Services.
“Along with the board and my 26,000 colleagues, 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. The last decade has seen incredible results but this only represents a first chapter in the story of Etihad,’’ Mr Hogan said today.
Eithad holds stakes in Virgin Australia (25.1 per cent), German airline AirBerlin (29.2), Air Serbia (49), and Swiss regional carrier Darwin Airline (33.3) which has been renamed Etihad Regional. In 2015 Etihad sold a 5 per cent stake in Irish flag carrier Aer Lingus.
Mr Hogan has been criticised for Etihad’s investments in a group of airlines which it does not control. Etihad, Emirates and Qatar Airways have also been the alleged beneficiaries of big government subsidies, which has been criticised by their US-based rivals."
In case the paywall interferes:
"Etihad Airways has launched a global search for its two most important executive roles following the decision of fellow Australians, chief executive James Hogan and chief financial officer James Rigney, to step down from their roles.
Etihad announced this afternoon that both would leave the company in the second half of 2017 after a decade with the Middle Eastern carrier. Both plan to join an investment company which will have no association with Etihad.
The Australian’s Margin Call column reported in December that Mr Rigney was looking at potential opportunities back in his home town of Melbourne.
“We are very grateful to James. In just ten years, he 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,’’ said Etihad Aviation Group chairman H.E. Mohamed Mubarak Fadhel Al Mazrouei.
“It is a business which has set new benchmarks for service and innovation. Under his leadership, the company has provided new opportunities for thousands of Emiratis and has been a critical element in the remarkable progress of Abu Dhabi and the UAE. We look forward to James’ continued association with Abu Dhabi in new ways.”
It comes after Mr Hogan told The Australian last May that Etihad had started planning for life after his eventual departure from the top job, following almost a decade-and-a-half working with airlines in the Gulf region.
Under a restructure announced in April Mr Hogan was named chief executive of Etihad Aviation Group, an umbrella company created to house the airline’s various subsidiaries including Etihad Airways Engineering, Etihad Global Cargo Management Company, the Global Loyalty Company, Hala Abu Dhabi and Etihad Airport Services.
“Along with the board and my 26,000 colleagues, 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. The last decade has seen incredible results but this only represents a first chapter in the story of Etihad,’’ Mr Hogan said today.
Eithad holds stakes in Virgin Australia (25.1 per cent), German airline AirBerlin (29.2), Air Serbia (49), and Swiss regional carrier Darwin Airline (33.3) which has been renamed Etihad Regional. In 2015 Etihad sold a 5 per cent stake in Irish flag carrier Aer Lingus.
Mr Hogan has been criticised for Etihad’s investments in a group of airlines which it does not control. Etihad, Emirates and Qatar Airways have also been the alleged beneficiaries of big government subsidies, which has been criticised by their US-based rivals."
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Or maybe they could pull a gulf air and go on without a CEO for the next 5 years . If etihad haunt expansion to they should probably hire Samer Majali, his love for embraers and shrinking strategy would surely be appreciated . The only disadvantage would be that he brings the airline close to bankruptcy by selling every asset for a low price.
