Bahrain’s Gulf Air says CEO to step down by end-September

SourceArabian Business

No reason given for departure of Kresimir Kucko who cut costs and increased revenue during his three-year tenure Kresimir Kucko will step down from his role as CEO of Gulf Air by the end of the month, it was announced on Tuesday. Joining in 2017, Kucko began his journey at Gulf Air by setting the organisation's strategy with a five-year network and fleet expansion plan. He also significantly cut costs while increasing revenue, rolling out a host of updated services for passengers and cutting operational losses. A statement from the airline did not give a reason for his departure but added that Kucko achieved increased revenue in a "challenging operating environment characterised by fluctuating fuel prices, growing competition and, most recently, the Covid-19 pandemic". Zayed R. Alzayani, chairman of Gulf Air, said: “We extend our more...