Breaking News: Ethiopian Airlines Group CEO Resigns
The Group CEO of Ethiopian Airlines, Mr. Tewolde GebreMariam, has resigned from his role with immediate effect, citing health issues. The airline announced this in an official press release issued today.
According to the statement, Tewolde GebreMariam has been under medical treatment in the USA for the last six months. As he needs to focus on his personal health issues, he is unable to continue leading the airline as a Group CEO, a duty which demands closer presence and full attention round the clock. Accordingly, Mr. Tewolde GebreMariam requested the Board of Management of Ethiopian Airlines Group(the “Board”), for early retirement in order for him to focus his full attention to his medical treatment.
The Board, in its ordinary meeting held on Wednesday, March 23, 2022, has accepted Mr. Tewolde’s request for early retirement.
Mr. Tewolde led Ethiopian Airlines for over a decade with remarkable success reflected in its exceptional performance in all parameters including but not limited to exponential growth from one Billion USD annual turn-over to 4.5 Billion, from 33 airplanes to 130 airplanes and from 3 million passengers to 12 million passengers.
Under his leadership, the airline group has grown by four fold in all measurements building more than USD 700 million worth of vital infrastructure like the Ethiopian Skylight Hotel, Africa’s biggest hotel, Cargo terminal, MRO hangars and shops, Aviation Academy and Full Flight Simulators.
The Board of Ethiopian Airlines will announce the new Group CEO and successor to Tewolde GebreMariam shortly.