CEO of Ethiopian Airlines Group Resigns

ADDIS ABABA – Tewolde Gebremariam, CEO of Ethiopian Airlines Group, has resigned from his position, the airlines announced on Wednesday.

Tewelde has stepped down from the position he held for over 11 years citing health reasons. The CEO has been getting treatment in the United States for an unspecified health illness for the last six months.

“As he needs to focus on his personal health issues, he is unable to continue leading the airline as a Group CEO, a duty which demands closer presence and full attention round the clock,” the airlines said.

Accordingly, the airlines said Tewolde requested the Board of Management of Ethiopian Airlines Group “for early retirement in order for him to focus his full attention on his medical treatment”.

The Board has accepted his request during its ordinary meeting held on Wednesday, March 23, said Ethiopian.

– ‘Remarkable Success’ –

Tewolde was appointed as Group Chief Executive Officer of Ethiopian Airlines in January, 2011, replacing another top former CEO of the national flag carrier, Girma Wake.

He led the Airline “with remarkable success reflected in its exceptional performance in all parameters”, said the airlines.

During his leadership, the airlines annual turn-over increased from one Billion to 4.5 Billion US dollars, while the number of Ethiopian’s airplanes grew from 33 to 130 airplanes.

“Under his leadership, the airline group has grown by four fold in all measurements building more than $700 million worth of vital infrastructure like Africa’s biggest hotel, Cargo terminal, MRO hangars and shops, Aviation Academy and Full Flight,” the airlines said.

Prior to taking his CEO role, Tewolde served the airlines at various levels.

He started his career at Ethiopian in 1985 as a Transportation Agent and has held a number of senior leadership positions in different divisions in the Airline including; Ethiopian Cargo, Area Offices and Sales & Marketing.

In his role as CEO, Tewolde has been a multi award winner including ‘African CEO of the Year’, ‘Best African Business Leader’, ‘The Airline Strategy Award for Regional Leadership’ and ‘The Most Gender Focused CEO Award’.

He earned his B.A. Degree in Economics from the Addis Ababa University in Ethiopia and his Master’s Degree in Business Administration from the Open University in the United Kingdom.

He received the Honorary Degree of Doctor of Humane Letters Honoris Causa from Addis Ababa University on 13 July 2019.