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    James Hogan to step down as Etihad CEO

    Synopsis

    Hogan will join an investment company along with Etihad Aviation Group chief financial officer James Rigney, who will also leave the company later this year.

    ET Bureau
    MUMBAI: James Hogan, Etihad Airways' chief executive who steered the airline to become one of the most formidable of global carriers, will step down in the second half of 2017.

    Etihad’s board and Hogan "first initiated the transition process last year", the Abu Dhabi-based carrier said in a news release.

    In May last year, Etihad formed the Etihad Aviation Group with five business divisions in the aviation and travel space: the flagship airline, Etihad Airways Engineering, Etihad Airport Services, the Hala Group and Airline Equity Partners.

    "In just 10 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," Etihad Aviation Group chairman Mohamed Mubarak Fadhel Al Mazrouei said.

    The group now has minority investments in seven airlines: Jet Airways of India, airberlin, Air Serbia, Air Seychelles, Alitalia, Virgin Australia and Darwin Airline.

    Hogan will join an investment company along with Etihad Aviation Group chief financial officer James Rigney, who will also leave the company later this year. A global search for a new group CEO and CFO is already underway, said Etihad.

    Hogan and Rigney are both board members of Jet Airways, in which Etihad holds a 24% stake.
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