Cathay Pacific Appoints Ronald Lam as CEO to Lead Revival
- 26-year veteran was most recently chief customer officer
- Lam takes over HK carrier still emerging from pandemic
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Cathay Pacific Airways Ltd. named customer chief Ronald Lam as its new chief executive officer to replace Augustus Tang.
Lam, 50, will take over on Jan. 1, Cathay said in a statement Wednesday. He faces the challenge of leading the 76-year-old carrier out of the mire caused by Covid travel restrictions, which plunged it into crisis and sparked a HK$39 billion ($5 billion) recapitalization backed by the Hong Kong government.