Skift Take

Alitalia rebranded its livery and logos in June but now it will have to continue its makeover without CEO Silvano Cassano, who resigned for unspecified personal reasons. Whether Etihad, which took a controlling 49 percent stake in Alitalia last year, pushed him out remains unclear at this point.

Alitalia says CEO Silvano Cassano has quit after less than a year in the job, which has been focused on restructuring the once-failing Italian airline under the ownership of Emirates-based Etihad.

The airline said in a statement Friday that Chairman Luca Cordero di Montezemolo will take up the role on an interim basis until a new CEO can be named. The chief operations and financial officers would handle day-to-day operations.

It said Cassano, a former executive with carmaker Fiat and apparel maker Benetton, was resigning for unspecified personal reasons.

Etihad bought a 49 percent controlling stake in Alitalia last year, launching a major restructuring plan with significant investments for fleet upgrades and new route development, especially to Asia.

This article was from The Associated Press and was legally licensed through the NewsCred publisher network.

November 16, 2022
Dallas-Fort Worth, TX and Online
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Tags: alitalia, ceos, etihad

Photo credit: Alitalia CEO Silvano Cassano resigned his post. Pictured is the new livery that Cassano introduced in June 2015. Alitalia