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Late last week, Finnair’s President & CEO Jukka
Hienonen resigned from his post.
“My four years in Finnair’s service has included
both periods of success as well as the increasingly adverse
development of the entire sector, and now a clear change of course
is required. I am not satisfied with the results achieved; the
rate of change has been insufficient,” said President & CEO
Hienonen. “Many structures as well as the company’s culture
have been formed in totally different conditions. With these we
cannot do well in the present competitive environment, but
changing them has proved to be extremely difficult. Some personnel organisations have shown no willingness to adapt.”
“Finnair has a good and effective strategy, on
which it would be possible to build future success. It will
require a lot of work and also a completely different way of
thinking in terms of working conditions. Finnair has many expert
personnel and an excellent management team, with whom I have been
able to work. I wish to extend to them my warm thanks.”
Jukka Hienonen will continue as President & CEO
for the time being. The period of notice in Hienonen contract is
six months. Because Hienonen’s resignation is at his own request,
no severance pay will be paid.
Finnair’s Board of Directors said in a statement
that it regrets Jukka Hienonen's resignation. “The decision
is entirely President & CEO Hienonen’s own. I am sorry at his
decision, because cooperation between Jukka and the board
has always been excellent,” said Christoffer Taxell, Chairman of
Finnair’s Board of Directors.
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