Lance Steps Down CEO Post
6 December 2022
Low Cost Carrier Cebu Pacific (CEB) has appointed Chief Executive Adviser Michael Szucs as its new Chief Executive Officer vice Lance Gokongwei who will remain its Chairman, as it announced leadership changes for the company during its meeting on Dec. 5, 2022 which will take effect on Jan. 1, 2023.
CEB also appointed Alexander Lao, presently chief commercial officer, who will now serve as President and Chief Commercial Officer.
"In his capacity as CEO, Mr. Szucs will formally lead CEB and report to the chairman, and will work closely with our board of directors and the Gokongwei Group's Executive Committee and Executive Leadership Council" the company said.
"With this move, Mr. Szucs becomes the accountable manager who has overall accountability for the operations of Cebu Air Inc., as recognized by and documented in the Civil Aviation Authority of the Philippines," the company adds.
Lao on the other hand was Vice President for commercial planning before becoming Chief Strategy Officer where he led the corporate strategy office that played an integral part in CEB's Future Size and Shape initiative in 2020.
"In Alexander Lao's expanded role as president, he will take a more active role in supporting the chief executive officer in strategic execution and stakeholder management, including regulators, government partners, investors, among others," CEB said.
Meanwhile, James Go will continue to be an adviser to the CEB Board and Executive Committee.
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