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MALAYSIA AIRLINES (MAS) chief executive director and managing director Christoph Mueller will step down in September ahead of his three-year contract.
In an internal memo circulated to the employees of MAS, Mueller said his decision to leave was attributed to “personal reasons that were beyond control”.
Khazanah Nasional, Malaysia’s sovereign wealth fund and the sole shareholder of the airline, issued a statement to confirm that the matter had been discussed and recorded at the Khazanah Board of Directors meeting yesterday.
In a separate statement, the airline said that it has begun the search for a new CEO from a pool of internal and external candidates.
The German-born Mueller – hired to revive the airline after years of running on losses – formally began operations at MAS in May last year, in what was often cited as the “toughest job in aviation”.
The carrier has faced much turbulence after two aircraft disasters in 2014 – the disappearance of flight MH370 and the shooting down of MH17. Since the twin tragedies and years of poor performance reports, the embattled carrier sought a way out.
This led to a restructuring plan implemented from 2014 that included the cutting of 6,000 jobs, or about 30 percent of its work force, and the Malaysian government offering the airline a bailout of approximately US$1.6 billion.
Earlier this month, the airline recorded a profit for the first time in years. The carrier marked a positive monthly result for February and looks to be on track to experience strong revenue growth by 2018.
Source: travelwireasia.com