Cathay Pacific announced the shock resignation on Friday of its CEO Rupert Hogg, days after the Hong Kong carrier was censured by Beijing because some staff had supported pro-democracy protests in the city.
In a statement posted on the Hong Kong stock exchange on Friday, Cathay said Hogghad resigned “to take responsibility as a leader of the Company in view of recent events”.
He has been replaced by Augustus Tang, a veteran of the Swire Group conglomerate, Cathay’s main shareholder.
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