Swissair chief executive quits
Geneva: In a move that has surprised financial analysts, the American chief executive officer of the Swiss national airline, Swissair, Mr. Jeffrey Katz submitted his resignation. The departure of Mr. Katz, after three years of service with the airline, has left analysts wondering whether there was a power struggle on at the airline. Some analysts fear that his departure would cause uncertainty among investors about the airline’s future.

Mr. Philippe Bruggisser, the chief executive of parent company SAirGroup who has traditionally been very active in Swissair's business, will assume Katz's responsibilities.

Mr. Katz has been credited for bringing in a lot of American culture into the airline in terms of yield management, marketing, making changes at the airline which met the demands of the times. Besides emphasising on the need for excellent service, he is also said to have added a more international worldview to the airline.
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