Etihad confirms management changes
THE ETIHAD AVIATION GROUP Board of Directors has confirmed James Hogan will step down as President and CEO in the second half of 2017. Hogan will join an investment company along with Group CFO James Rigney, who will also leave the company later this year. In a statement, Etihad said a global search for a new Group CEO and a new Group CFO is already underway. Etihad praised Hogan’s role in transforming the company from a 22-plane regional carrier into a 120-aircraft global airline and group. But the economic strategy of investing in European airlines (AirBerlin and Alitalia) has proved more challenging, and revenues have dipped as a result of the economic slowdown.