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Finnairís President & CEO Resigns

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Late last week, Finnairís President & CEO Jukka Hienonen resigned from his post.

ďMy four years in Finnairís 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,Ē said President  & CEO Hienonen.  ďMany structures as well as the companyís 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.Ē

ďFinnair 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.Ē

Jukka Hienonen will continue as President & CEO for the time being. The period of notice in Hienonen contract is six months. Because Hienonenís resignation is at his own request, no severance pay will be paid.

Finnairís Board of Directors said in a statement that it regrets Jukka Hienonen's resignation.  ďThe decision is entirely President & CEO Hienonenís own. I am sorry at his decision, because cooperation between Jukka  and the board has always been excellent,Ē said Christoffer Taxell, Chairman of  Finnairís Board of Directors.

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