Hong Kong-based airline Cathay Pacific announced major personnel changes in a statement. Rupert Hogg, chief executive officer (CEO) of Cathay Pacific, will step down and be replaced by Tang Kin Wing Augustus.
Friday's announcement states that personnel changes will come into effect next Monday.
Hogg said he and Paul Loo, who will also resign as chief customer and commercial officer and has been replaced by Ronald Lam, should take the major responsibility of the challenges that the airline has faced in the last few weeks.
