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Ethiopian Airlines CEO resigns after 11 years over health issues
6:40 CAT | 23 Mar 2022
FILE PHOTO - Ethiopian Airlines CEO Tewolde Gebremariam resigned on March 23, 2022, over health issues.[File photo: Reuters]
Ethiopian Airlines CEO Tewolde Gebremariam, who is credited with the meteoric rise of the carrier to Africa’s largest, has resigned over health issues.
“Under my current health issues and medical treatment I am not able to return to the office any time soon,” he told the airline’s staff in a letter seen by The EastAfrican on Wednesday.
“Hence, I decided to retire early and focus on my medical treatment.”
Mr Tewolde has been at the helm of the most profitable airline on the continent for 11 years, growing its fleet from just 50 aircraft in 2015 to 130 planes flying on local, regional and international routes.
“Together, we have done history in the last decade in which we have grown the airline from $1 billion annual turnover to $4.5 billion, from 33 airplanes to 130 airplanes, (and) from three million passengers to 12 million passengers (pre-Covid), and in general we have expanded the airline by four-fold in all measurements,” he recounted in his letter.
He had been at the airline for 37 years.
Source: The East African
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