Cathay Pacific CEO resigns

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The chief executive of Cathay Pacific, Rupert Hogg, has resigned in the wake of the protests in Hong Kong.

Paul Loo is also leaving as chief customer and commercial officer.

Hogg said: “These have been challenging weeks for the airline and it is right that Paul and I take responsibility as leaders of the company.”

Hogg warned on Monday staff could be fired if they “support or participate in illegal protests” in Hong Kong.

But the previous week, Cathay Pacific had told its staff it would not stop them joining the pro-democracy demonstrations currently sweeping Hong Kong.

The airline’s chairman, John Slosar, said it was time to put “a new management team in place who can reset confidence and lead the airline to new heights”.

Cathay Pacific said in a statement that Hogg had been replaced by Tang Kin Wing Augustus and Mr Loo by Ronald Lam.

Via SCMP/ Bloomberg

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