Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Swire Pacific Names Slosar Chairman as Christopher Pratt Retires

Don't Miss Out —
Follow us on:

Aug. 16 (Bloomberg) -- Swire Pacific Ltd., the Hong Kong trading house with interests spanning real estate, aviation and marine services, named John Slosar as chairman, replacing Christopher Pratt, who is retiring.

Slosar, 57, the former chief executive officer of Swire unit Cathay Pacific Airways Ltd., will start as chairman of both Swire Pacific and Swire Properties Ltd. in March next year. Pratt, 57, is stepping down after working at the group for 35 years, according to a statement today.

Slosar became chief executive of Cathay, Asia’s biggest international carrier, in March 2011. Under his tenure, Cathay cut capacity and phased out some planes to revive earnings.

Swire Pacific’s property unit yesterday reported first-half profit that missed analysts’ estimates as retail rents slowed and home sales trailed. Swire Properties is grappling with the first annual decline in retail rents in Hong Kong since 2008.

To contact the reporter on this story: Jonathan Browning in Hong Kong at jbrowning9@bloomberg.net

To contact the editor responsible for this story: Philip Lagerkranser at lagerkranser@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.