Cargolux hunts for new CEO

CARGO airline Cargolux has confirmed it is hunting for a new chief executive (CEO)
Executive recruitment firm Spencer Stuart, has been commissioned with identifying and shortlisting the most suitable candidates for the position (the deadline for applications is 12th February), a statement says. Meanwhile, Richard Forson remains interim president and CEO.
The news comes after two key executives walked out. Head of sales, Robert van de Weg, and chief of operations, Peter van de Pas, both handed in their resignations in the space of a few days.
Their decision to leave came after an agreement was struck with Chinese company Henan Civil Aviation and Investment (HNCA).
HNCA has purchased the 35 per cent share owned by the Luxembourg government. Their departures are being put down to differences over future strategy.
There is believed to be widespread discontent over the Luxembourg government’s decision to sell its 35 per cent stake in Cargolux to the Chinese investor.
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