Shares in Cathay Pacific Airways Ltd fell nearly 4% in early trade on ...
Workers service a Cathay Pacific flight at Hong Kong International Airport, China September 3, 2019. REUTERS/Amr Abdallah Dalsh
The departure of John Slosar was announced less than three weeks after mounting Chinese regulatory scrutiny led to the shock exit of its chief executive, Rupert Hogg. Long-serving Swire Pacific Ltd executive Patrick Healy was appointed as Cathay’s new chairman on Wednesday following the resignation of Slosar, who had served in the role since 2014.
The analyst, who was not authorized to speak publicly about personnel changes, said he believed if the political situation in Hong Kong stabilized, the situation at Cathay should as well.
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