Cathay Pacific Airways Limited

For Immediate Release 16 August 2019

Cathay Pacific Announces
Senior Management Changes

Cathay Pacific announced today the following management changes, effective from 19th August:

• Mr. Augustus Tang appointed Chief Executive Officer, succeeding Mr. Rupert Hogg.
• Mr. Ronald Lam appointed Chief Customer and Commercial Officer, succeeding Mr. Paul Loo. Ronald Lam will remain Chief Executive Officer of Hong Kong Express until a successor has been appointed.

The Board of Directors of Cathay Pacific announced that it has accepted the resignation of Rupert Hogg as Chief Executive Officer and Paul Loo as Chief Customer and Commercial Officer. At a Board meeting today, Augustus Tang was appointed Chief Executive Officer and Ronald Lam was appointed Chief Customer and Commercial Officer. The Board of Directors believes that it is the right time for new leadership to take Cathay Pacific forward and that Augustus Tang and Ronald Lam, both of whom are highly experienced executives with long careers at Cathay Pacific, are ideally suited to lead the company.

John Slosar, Chairman of Cathay Pacific, commented, "Augustus Tang and Ronald Lam have the experience and depth of knowledge of aviation and our people to be strong and effective leaders of Cathay Pacific at this sensitive time. Hong Kong is a fantastic home for our airline. It is a world class city and has a premium airport which is the biggest international passenger and cargo hub in Asia. Cathay Pacific has a relentless focus on standards of safety and care, and an unrivalled reputation for customer service."

Mr. Hogg stated, "It has been my honour to lead the Cathay Pacific Group over the last three years. I am confident in the future of Hong Kong as the key aviation hub in Asia. However, these have been challenging weeks for the airline and it is right that Paul and I take responsibility as leaders of the company."

Mr. Slosar added, "Rupert Hogg and his team executed the three-year Transformation Programme which has been important to Cathay Pacific's recovery and provides a strong platform for continued development. However, recent events have called into question Cathay Pacific's commitment to flight safety and security and put our reputation and brand under pressure. This is regrettable as we have always made safety and security our highest priority. We therefore think it is time to put a new management team in place who can reset confidence and lead the airline to new heights. Cathay Pacific is fully committed to Hong Kong under the principle of 'One Country Two Systems' as enshrined in the Basic Law. We are confident that Hong Kong will have a great future."

Biographies of Mr. Augustus Tang and Mr. Ronald Lam can be found below.

Augustus Tang
Chief Executive Officer-designate
Cathay Pacific Airways

Augustus Tang is currently the Group Chief Executive Officer of Hong Kong Aircraft Engineering Company Limited (HAECO) and Director of John Swire & Sons (H.K.) Limited.

Mr. Tang has been with the Swire Group for 37 years. He joined Cathay Pacific in 1982 as a management trainee. In 1994, he was seconded to Cathay Pacific's associate Dragonair as General Manager Planning and International Affairs and returned to Cathay Pacific in 1997 as General Manager Business Improvement. In May 2000 he was appointed to the position of Director Corporate Planning and as Director Corporate Development in December 2004. He became an Executive Director on the Board of Cathay Pacific from 01 January 2007. He was appointed as the Chief Executive Officer of HAECO from October 2008.

Mr. Tang was born in 1959 and graduated from The Chinese University of Hong Kong with a Bachelor Degree in Business Administration. He completed the Swire Management Programme in INSEAD in 1996, the Senior Swire Management Programme in INSEAD in 1999 and the Stanford Executive Programme at the Stanford University in 2002. He is married with two children. His interests include bridge and golf.

Corporate Affairs Department
Cathay Pacific Airways
August 2019
Ronald Lam
Chief Customer and Commercial Officer-designate
Cathay Pacific Airways

Ronald was appointed the Chief Executive Officer of Hong Kong Express in July 2019.

Prior to his current position, Ronald was Director Commercial & Cargo at Cathay Pacific in June 2017. He is responsible for all passenger and cargo commercial areas worldwide, including network planning, sales & distribution and revenue management.

Between 2013 and 2017, Ronald was Director and General Manager, Hong Kong Operations at Hong Kong Aircraft Engineering Company Ltd in which he had responsibility for overseeing the HAECO Group's Hong Kong operations.

Ronald joined Cathay Pacific Group as a management trainee in 1996 and has worked in a number of managerial positions in Hong Kong and overseas. His postings include Country Manager Sri Lanka & Maldives (based in Colombo), Manager Cargo Sales & Marketing, General Manager Sales & Distribution and General Manager Information Management.

Born in Hong Kong in 1972, Ronald graduated with a Bachelor & Master of Arts, Major in Computer Science with First Class Honours from the University of Cambridge in 1994. He completed the INSEAD Advanced Management Course in 2009 and Stanford University's Executive Programme in 2015.

Ronald is the Council Member of the Vocational Training Council and the Member of the Transport and Housing Bureau Tripartite Taskforce on Manpower Training (Aviation). He is married with two children.

Corporate Affairs Department
Cathay Pacific Airways
August 2019

Source: Cathay Pacific Airways Limited
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