Michael Adam, the CEO of Cayman Airways, has announced his retirement effective 31 December 2006.
Mr. Adam |
During his 35-year career with the airline, Mr. Adam has served in many capacities, including assuming the role of CEO in 2001.
‘I have been privileged to spend a career in a field that I love, and I look forward to passing the leadership baton so Cayman Airways may continue to build on its successes,’ Mr. Adam said in a press release.
‘I can say without reservation that the challenges facing the aviation industry have never been greater, and while I am stepping down from leading this airline, I will always remain a passionate supporter and advocate for Cayman Airways.’
Speaking on behalf of the Board of Directors, Chairman Angelyn Hernandez said: ‘Mike Adam has been an integral part of the Cayman Airways family for many years. It is a milestone change for the national carrier. Mike is a gentleman, a person of immense integrity, loyalty and commitment. He has led the airline with these qualities and while change is difficult and Mr. Adam’s daily presence will be missed, the airline is committed to embracing future opportunities.’
Following Mr. Adam’s departure and until a permanent successor is named, the Board has appointed Capt. Thom Guyton as the acting CEO. Capt. Guyton is currently the manager of Cayman Airways Express and the vice president of Cargo. The position of CEO will be advertised locally and overseas and persons within the company will be eligible to apply, the release said.
Speaking on these changes, Ms Hernandez said that the airline is presently undergoing strategic reform as a result of the recent efficiency audit.
There will also be changes as a result of contracts expiring and Immigration limitations.
The reengineering of the airline will involve a great deal of hard work in the years ahead but will also present new opportunities for the development of local staff, the release said.
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