Life After Hogan: Etihad Appoints New CFO, Interim CEO as Powerful Chief Steps Down

Published May 8th, 2017 - 08:57 GMT
James Hogan, Etihad's current CEO, has been with the company for 10 years and will be leaving his role on July 1, 2017. (AFP/ Karim Sahib)
James Hogan, Etihad's current CEO, has been with the company for 10 years and will be leaving his role on July 1, 2017. (AFP/ Karim Sahib)

Abu Dhabi’s Etihad Aviation Group has appointed Ray Gammell as interim group CEO to replace James Hogan, the current president and group CEO, it announced on Monday. 

Read more: Etihad Aviation Group CEO James Hogan To Step Down After 10-Year Tenure

Hogan will leave the company on July 1, 2017.

Ray Gammell, Etihad’s chief people and performance officer, will assume his full responsibilities as interim CEO immediately.

Gammell joined Etihad in 2009 as a member of the executive leadership team, developing the company’s people strategy. He has previously worked with the Intel Corporation in the US and Ireland, Royal Bank of Scotland, and was an officer in the Irish Armed Forces.

Read more: Middle East Airlines See Slower Passenger Growth In March: IATA

Etihad also confirmed that Ricky Thirion, senior VP and group treasurer, has been appointed as the group CFO to replace James Rigney, who will also leave the company on July 1.

Ricky Thirion, Etihad's new CFO, joined Etihad Airways in 2007.

Thirion previously worked as group treasurer at South African Airways and managing director in the Standard Bank Group.

Read more: End Of A Love Story: Etihad Says Goodbye To Alitalia In Tearful Farewell

Etihad announced earlier this year that Hogan – who served the company for 10 years, will be leaving his role.

He plans to join an investment company along with Rigney.

Mohamed Mubarak Fadhel Al Mazrouei, chairman of Etihad Aviation Group, said: “Ray and Ricky are experienced leaders and have the complete confidence of the board. Ray will now take full management responsibility for the Etihad Aviation Group, ensure a coordinated group approach, and continue to advance the strategic review that was initiated by the board in 2016 to reposition the business for continued development in what we anticipate being a prolonged period of challenges for global aviation.”

The state-owned aviation group has been restructuring operations after being hit hard by reduced corporate travel linked to lower oil prices. Last year it confirmed that jobs would be cut.

Read more: Nadia, Amina, Hareb And Ahmed: Four Emiratis Who Made It To The Top At Etihad Airways 

“We have strengthened our group leadership with recent appointments and are now in the advanced stages of recruitment for a new group CEO,” said Al Mazrouei.

“The board has been very pleased with the calibre of candidates, and we expect to make an announcement in the next few weeks.”

By Aarti Nagraj

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