Cathay Pacific Chairman Resigns Weeks After CEO Steps Down
- Slosar follows former CEO Hogg in announcing resignation
- Carrier has fired staff, warned workers not to join protests
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Merlin Swire, the scion of the U.K. family that controls Cathay Pacific Airways Ltd., is running out of concessions to offer after his employees angered China by joining the anti-Beijing protests in Hong Kong.
Less than a month ago, China’s civil aviation authority began clamping down on Hong Kong’s flag carrier, prompting Swire to swiftly fly to Beijing to try to smooth things over with officials. Since then, Cathay has fired staff and threatened to terminate workers for even supporting the demonstrations -- let alone participate in them. The airline’s chief executive officer quit and on Wednesday, Chairman John Slosar announced his resignation.