Why Ethiopian Airlines Former Group CEO, Tewolde GebreMariam Retired Early

 

* Former Group, Chief Executive Officer(CEO), Ethiopian Airlines, Mr. Tewolde GebreMariam

Facts have emerged why the former Group, Chief Executive Officer(CEO) of Ethiopian Airlines, Mr. Tewolde GebreMariam resigned his appoint.

The former Group CEO resigned his appointment on March 23, 2022 and Mr. Mesfin Tasew was appointed as the new Group CEO of the largest airline in Africa by the Board.

According to the facts available to AbelNews, an online news platform, Tewolde has been under medical treatment in the USA for the last six months.

Since 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,Tewolde requested the Board of Management of Ethiopian Airlines Group (the “Board”), for early retirement to focus his full attention to his medical treatment.

The Board, in its ordinary meeting held on Wednesday, March 23, 2022, has accepted Tewolde’s request for early retirement.

Tewolde led the Airline for over a decade with remarkable success reflected in its exceptional performance in all parameters including but not limited to exponential growth from $1billion  annual turn-over to $4.5billion.

On aircraft fleet, part of his feat was that he increased it from 33 airplanes to 130 and passenger traffic from 3 million passengers to 12 million passengers (pre-COVID).

Under his leadership, the airline group has grown by four fold in all measurements building more than $700 million worth of vital infrastructure like Africa’s biggest hotel, Cargo terminal, MRO hangars and shops, Aviation Academy and Full Flight Simulators.

The Board, the Senior Management, employees and the whole Ethiopian Airlines family express their gratefulness for his contribution and wish him full recovery soon.

Meanwhile, the Board will has announced, Mr. Mesfin Tasew, as the new Group CEO and successor to Ato Tewolde GebreMariam shortly.

Similarly former CEO of Ethiopian Airlines, Mr. Girma Wake, was recently appointed as the new Chairman of the Board of Management of Ethiopian Airlines Group by the Ethiopian Public Enterprises Holding & Administration Agency.

Girma is a highly experienced, successful and well-regarded business leader and a well-known figure in the aviation industry, who previously led Ethiopian Airlines for 7 years as a CEO and laid the foundation for the fast and profitable growth of the airline.

The combination of his experience, work-culture and drive makes him capable of chairing the board and take the airline to the next level.

Girma’s decision-making skills are tested and well proved.

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