Cathay CEO to become IATA Director General; Hainan to increase stakes in two companies

Cathay Pacific announced that CEO Tony Tyler will leave the airline on 31-Mar-2011 after Mr Tyler was selected to fill the post of IATA Director General and CEO following the retirement of Giovanni Bisignani. Mr Tyler will be succeeded by COO John Slosar. Cathay Pacific shares declined 0.4% on Friday.

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