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Cathay Names Rupert Hogg as CEO After First Loss in 8 Years

  • Three-decade Swire veteran to take over from Chu on May 1
  • Airline in the midst of a business revamp to revive earnings
Updated on

Cathay Pacific Airways Ltd. named Rupert Hogg as its chief executive officer, replacing Ivan Chu, as Asia’s biggest international airline struggles to revive earnings after reporting its first annual loss in eight years.

Hogg, 55, chief operating officer since March 2014 and a 30-year veteran at parent Swire Group, will take over May 1, Hong Kong-based Cathay said in a statement to the stock exchange Wednesday. Chu will become chairman of John Swire & Sons (China) Ltd., according to the statement.