Economy

Etihad Names British Military Official As New CEO

Etihad Names British Military Official As New CEO”

DUBAI-Abu Dhabi's Etihad Aviation Group on Thursday named a new chief executive to navigate a strategic shift following hefty financial losses from investments in other airlines.

The Chairman of Etihad Aviation Group, His Excellency Mohamed Mubarak Fadhel Al Mazrouei, today confirmed the appointment of Tony Douglas as Group Chief Executive Officer, who will join the company in January 2018.

Tony Douglas will join Etihad, which lost $1.87 billion a year ago, in January from the British defence ministry where he oversees equipment procurement and training for the army.

In the United Kingdom, he held senior positions with airport operator BAA, and as Chief Operating Officer and Group Chief Executive designate of Laing O'Rourke. He formerly served as chief executive of Abu Dhabi Airports Company, a position he took up in 2013, and is also a former chief executive of Abu Dhabi Ports Company, the entity behind the development of Khalifa Port.

Ray Gammell had been serving as interim chief executive since May, and he will return to his position as group chief people and performance officer.

Currently Etihad Group's chief of support services Harsh Mohan is its nominee to the Jet Airways board.

Douglas will be tasked with positioning Etihad at the forefront of an increasingly competitive regional and global aviation market.

An Etihad Airways pilot passed away while operating a cargo flight from Abu Dhabi to Amsterdam, leading the carrier to divert its path and make an emergency landing in Kuwait.

"Etihad and its talented workforce have helped to reshape global and regional aviation".

Douglas will be supported by a leadership team which includes Ray Gammell, Ricky Thirion, Kevin Knight, Mana Mohamed Saeed Al Mulla, Henning zur Hausen, and Amina Taher.



Like this

Latest


28 September 2017
How major United States stock market indexes fared Tuesday
That sent the dollar to its highest level since August 31 against a basket of currencies and was last holding at 92.966. Shares of technology companies rose Tuesday, helping major USA stock indexes stabilize after Monday's declines.

28 September 2017
Nektar Therapeutics Sentiment Improves on Better Stock Potential
The active investment managers in our partner's database reported: 147.16 million shares, up from 142.09 million shares in 2017Q1. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock.

28 September 2017
Gold rebounds sharply amid geopolitical tensions, stock market declines
Benchmark 10-year notes last rose 12/32 in price to yield 2.2216 percent, from 2.262 percent late on Friday. MSCI's gauge of stocks across the globe shed 0.30 percent as shares in Asia and emerging markets declined.

28 September 2017
Universal Display Corporation (OLED) Holdings Cut by Muhlenkamp & Co. Inc
The stock of Universal Display Corporation (NASDAQ: OLED ) has "Hold" rating given on Monday, July 31 by Summit Redstone Partners. It is positive, as 45 investors sold MMM shares while 589 reduced holdings. 86 funds opened positions while 301 raised stakes.

28 September 2017
Gym incident leaves teenage boy in critical condition
PCYC gym's online regulations state no-one under the age of 16 can work out without supervision. Health and safety officers will view CCTV footage to establish how the accident happened.

28 September 2017
Rupee at over 6-month low; trades lower by 5 paise
FPIs withdrew over Rs 1,858.29 crore on a net basis from stock markets on Wednesday, as per provisional exchange data. A slowdown in Goods & Services Tax collection and its impact on the economy also acted as a catalyst.

28 September 2017
New US travel ban "psychological terrorism": Venezuela
Trump had threatened to "totally destroy" North Korea if forced to defend the USA or its allies. Maduro responded from Caracas by calling Trump "the new Hitler" of worldwide politics.

28 September 2017
Major League Baseball approves Marlins sale to Jeter's group
Jeter, the former New York Yankees captain, plans to be a limited partner in charge of the business and baseball operations. Sherman will own 46 percent of the franchise in a controlling interest, while Jeter will own 4 percent.

28 September 2017
EB I-96 closed in Livingston after semi hits bridge
Officials announced the Pleasant Valley Bridge will need to be demolished before eastbound I-96 can reopen. This will cause heavy congestion in the City of Brighton, Green Oak, and Brighton Township.

28 September 2017
Blueknight Energy Partners, LP (NasdaqGM:BKEP)'s Profitability Pulled into Focus
Therefore 0 are positive. 8point3 Energy Partners LP had 33 analyst reports since August 12, 2015 according to SRatingsIntel. Increasing profits are the best indication that a company can pay dividends and that the share price will trend upward.



Recommended