Cathay Pacific is pinning its hopes on a major corporate restructuring to turn around its flagging financial fortunes, and the shakeup has now reached the highest levels of its leadership. CEO Ivan Chu has overseen the creation of the airline’s turnaround strategy over the past several months. However, he will not be the one to guide its execution—that task will instead fall to current Chief Operating Officer Rupert Hogg. As part of a broader reshuffle in the senior ranks, ...

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