Etihad Aviation Group CEO and CFO to step down in 2H2017
Etihad Aviation Group announced (24-Jan-2017) president and CEO James Hogan will step down in 2H2017. Etihad Aviation Group CFO James Rigney will also leave the company in 2017 and both Mr Hogan and Mr Rigney will join an investment company. A global search for a new CEO and CFO is underway. The board and Mr Hogan initiated the transition process with the formation of the Etihad Aviation Group in May-2016. Etihad Aviation Group chairman Mohamed Mubarak Fadhel Al Mazrouei said: "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. 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." [more - original PR]