James Hogan to step down as Etihad CEO
The development follows speculation about Hogan's possible exit and questions about Etihad's ability to turn around struggling investment partners
Etihad's board and Hogan "first initiated the transition process last year with the formation in May of the Etihad Aviation Group, a diversified global aviation and travel organisation," said the Abu Dhabi-based carrier in a release.
"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," he added.
Hogan will join an investment company along with Etihad Aviation Group CFO James Rigney, who will also leave the company later this year. A global search for a new Group CEO and a new Group CFO is already underway, said Etihad.
Hogan and Rigney are both board members in Jet Airways, in which Etihad holds 24% stake.