Leadership Transition - Guy Bradley will succeed Patrick Healy as the head of Cathay Pacific Airways and Swire Coca-Cola in May next year, expanding his leadership role within Swire Pacific [1][2] - Patrick Healy, who has served for over three decades, will retire on May 13, coinciding with the airline's annual general meeting [2][4] Company Background - Swire Pacific, controlled by the Swire family, has a significant history, with its businesses founded in Liverpool in 1816 and expanded into China in the 19th century [3] - The conglomerate's Asian operations are primarily based in Hong Kong, where it holds a 45% stake in Cathay Pacific, acquired in 1948 [4][5] Financial Performance - Cathay Pacific reported an interim net profit of HK$3.61 billion (US$464 million) this year, marking it as a standout performer within Swire Pacific's portfolio [6] - In contrast, Swire Properties reported a net loss of HK$1.20 billion in the first half due to significant non-cash fair value losses on investment properties, although it remains optimistic about opportunities in mainland China [7]
Swire Pacific's Guy Bradley to take reins at Hong Kong's Cathay Pacific, Swire Coca-Cola
Yahoo Finance·2025-12-23 09:30