Cathay Pacific Appoints New Chairman

Cathay Pacific announced today that Mr. John Slosar, Chairman of the company, will be retiring at the conclusion of the next board meeting on 6 November 2019. The Board of Directors has appointed Mr. Patrick Healy to succeed Mr. Slosar as Chairman of Cathay Pacific.

Mr. Healy joined the Swire Group in 1988. He spent fourteen years with the Group's Beverages Division in Mainland China, followed by four years as CEO, HAECO Xiamen. Mr. Healy is currently Managing Director of Swire Coca-Cola Limited. He is also a Director of John Swire & Sons (H.K.) Limited and a Non-Executive Director of Swire Properties Limited.

Merlin Swire, Chairman of Swire Pacific, said, "I would like to thank John for his tremendous contributions to the company over the past 39 years. Under his leadership as the Chief Executive Officer and then as Chairman, Cathay has built on its already enviable reputation for quality service and the extensive global network which underpins the success of Hong Kong as Asia's largest international passenger hub. The three-year transformation programme now nearing completion leaves Cathay well-positioned for continued growth in the future."

Mr. Slosar said, "Being the Chairman of Cathay Pacific has been the greatest of privileges for me. I would like to thank the entire Cathay team for their support, commitment and friendship during my years as part of that team. They are always at their best in challenging times, when their dedication really shines through." He continued, "Pat is a strong and experienced executive, having successfully led a number of different Swire businesses. He is creative and customer-focused, and I am sure he will lead Cathay Pacific to new heights."

Mr. Healy said, "I look forward to working closely with CEO Augustus Tang, my long-term Swire colleague, his talented team and the entire Board of Directors. Together, and with the support of the Cathay team, we will ensure that our airlines focus relentlessly on safety, on enhancing the travel experiences of our customers, on being efficient in everything that we do, and on competing effectively to create positive business performance."

"Cathay Pacific has been Hong Kong's home carrier for over seven decades. Despite current challenges, I am confident in the future of Hong Kong and Cathay Pacific will remain fully committed to this great city as Asia's key aviation hub."

Mr. Healy will also assume the role of Chairman of Swire Coca-Cola and retain responsibility for the Group's worldwide beverages business. His biography can be found in the attachment.