Finnair CEO resigns

On August 7, after the flag carrier in Finland announced a quarterly loss of 26 million euros, its CEO Jukka Hienonen announced his resignation. On August 7, the flag carrier in Finland announced...

On August 7, after the flag carrier in Finland announced a quarterly loss of 26 million euros, its CEO Jukka Hienonen announced his resignation.

On August 7, after the flag carrier in Finland announced a quarterly loss of 26 million euros (about 37 million US dollars), its CEO Jukka Hienonen announced his resignation.

“I have been in Finnair for four years, there is a period of success, and there is a time when the development of the whole industry continues to be unfavorable. Now is the time to make a change.” Hienonen said, “I am not satisfied with the results, the changes The speed is not fast enough."

In the farewell, Hienonen said that in the face of the financial crisis in the aviation industry, "some organizations have not shown the desire to adjust."

“The structure and culture of many companies have taken shape under previously completely different conditions,” he said. “But these structures do not guarantee that we will do better in today’s competitive environment, but now it’s proven to be very Difficult things."

The company’s board of directors said it “regrets” that Hienonen’s decision to resign. At the same time, Hienonen will continue to serve as CEO for up to six months before the board finds a replacement.