New Chairman for Cathay Pacific

Cathay Pacific has announced that its Chairman, Mr. James Hughes-Hallett, will be leaving Hong Kong at the end of the year to take up a new role in London as Chairman of John Swire & Sons Ltd.

Subject to the Board’s approval, Deputy Chairman and Chief Executive David Turnbull will succeed Mr. Hughes-Hallett to become Chairman of the airline. Director and Chief Operating Officer Philip Chen will succeed Mr. Turnbull to become Chief Executive. Director Corporate Development Tony Tyler will succeed Mr. Chen to become Chief Operating Officer.

Mr. Turnbull, born in 1955, has been a director of the company since January 1994. He was appointed Managing Director in December 1996 and has been Deputy Chairman and Chief Executive since July 1998. He is also currently Chairman of Hong Kong Aircraft Engineering Co. Ltd., and a director of Swire Pacific Ltd. and John Swire & Sons (H.K.) Ltd. He joined the Swire group in 1976.

Mr. Chen, born in 1955, has been a director and Chief Operating Officer of the airline since July 1998. He joined the Swire group in 1977.

Mr. Tyler, born in 1955, joined the Swire group in 1977. He was appointed to the position of Director Corporate Development in November 1996.