Garuda appoints new CE in management shake-up
Garuda Indonesia has appointed bank executive Pahala Mansury as its new CE, in a management shake-up following a major plunge in its 2016 net profit. Mansury, formerly CFO at Bank Mandiri, replaces Arif Wibowo, who was appointed as president and CE in Dec 2014. Prior to that, he was CE at Citilink, before taking on the top job at the carrier. Together with Arif, director of operations Novianto Herupratomo, director of engineering and information technology Iwan Joeniarto and commercial director Toni Soetirto were also dismissed. The carrier's operating profit fell 41% to US$99.1m in 2016, as expenses outpaced revenue growth. The carrier faced intense yield pressure on both domestic and international routes, which led net profit to fall 89% to $8.07m. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-04-14/sky/garuda-appoints-new-ce-in-management-shake-up
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Garuda appoints new CE in management shake-up
Garuda Indonesia has appointed bank executive Pahala Mansury as its new CE, in a management shake-up following a major plunge in its 2016 net profit. Mansury, formerly CFO at Bank Mandiri, replaces Arif Wibowo, who was appointed as president and CE in Dec 2014. Prior to that, he was CE at Citilink, before taking on the top job at the carrier. Together with Arif, director of operations Novianto Herupratomo, director of engineering and information technology Iwan Joeniarto and commercial director Toni Soetirto were also dismissed. The carrier's operating profit fell 41% to US$99.1m in 2016, as expenses outpaced revenue growth. The carrier faced intense yield pressure on both domestic and international routes, which led net profit to fall 89% to $8.07m. <br/>
