Cathay Pacific chairman retiring

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Hong Kong

Cathay Pacific announced on Wednesday its chairman John Slosar is stepping down to retire, the latest high-profile executive to leave the flagship carrier. 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. “His resignation is due to his retirement,” the statement said, adding that the changes would take effect from 6 November at the conclusion of the company’s board meeting.—AFP