John Slosar resigns as chairman of Cathay Pacific Airways
- Slosar ends 39-year career with Swire Group, which included appointments as CEO of Cathay Pacific from 2011 to 2014 and then as chairman since 2014
John Slosar has resigned as chairman of Cathay Pacific Airways, the company announced in a filing to the Hong Kong stock exchange on Wednesday, capping a tumultuous period of management changes.
Patrick Healy, 53, also a Swire Group executive, will replace Slosar once the company concludes its board meeting on November 6.
Slosar told the airline’s staff he would retire, ending a 39-year career with the Swire Group, which included appointments as CEO of Cathay Pacific from 2011 to 2014 and as chairman since 2014. He also held the same role at the airline’s controlling shareholder, Swire Pacific, until 2018.
In a companywide memo, Slosar tried to reassure staff shaken by the upheaval in recent weeks and vowed that the airline would emerge stronger.
“I am sure that everyone in the Cathay Pacific Group would agree that recent weeks have brought some of the most extraordinary and challenging times we have ever experienced. I can well appreciate that such volatility can cause concern over what the future may hold.
“But, as an airline, volatility is the norm and we have always been subject to uncertainties in the business and geopolitical environment.