Cathay Pacific Airways Ltd. is replacing its chief executive, Ivan Chu, just weeks after the Hong Kong-based carrier reported its first annual loss in eight years and ahead of plans for major cost-cutting. Rupert Hogg, Cathay’s chief operating officer, will succeed Mr. Chu as CEO from May 1, the airline said Wednesday. The airline also...

Source: Wall Street Journal April 12, 2017 11:15 UTC