In a statement posted on the Hong Kong stock exchange, Cathay said Slosar, 63, had stepped down and will be replaced as chairman by Patrick Healy, a veteran from the Swire Group
conglomerate, the airline's majority shareholder.
He was formerly employed at the Swire Group
, a major shareholder in Cathay Pacific.
Augustus Tang, who has been with Swire Group
-- Cathay's majority shareholder will assume responsibilities of CEO.
Hogg and Loo are not expected to have positions at holding company Swire Group
after their resignations.
At the end of 2018, AkzoNobel acquired all Swire Group
's shares in the joint venture previously owned jointly by both.
These players include Bourbon SA (France), Seacor Marine (US), Swire Group
(UK), Tidewater (US), Gulfmark Offshore (US), Havila Shipping (Norway), Hornbeck Offshore (US), The Maersk Group (Denmark), Siem Offshore (Norway), Solstad Offshore (Norway), Vroon Group (The Netherlands), Edison Chouset Offshore (US), Harvey Gulf International Marine (US), and Island Offshore Management AS (Norway).
is interested in raising its stake in Cathay Pacific Airways Ltd., provided the move doesn't "disrupt" the holdings of the top two major investors, Swire Group
and Air China Ltd., the Gulf carrier's Chief Executive Officer Akbar Al Baker said.
He has previously spent 30 years with the Swire Group
where he held various senior management positions.
The company is a member of the Swire group
and is a public company listed on the Hong Kong Stock Exchange.
Cathay is a British airline registered in Hong Kong; owned by the Swire Group
, an old traditional/conservative tycoon business family which to this day is mainly managed at the helm by the young Swire family team with a prime office in Victoria, London.
Swire Coca-Cola, USA is a part of the beverages division for UK-based Swire Group
's Swire Pacific Ltd.