The Chief Executive Officer for Malaysian Airlines, Christoph Mueller, has resigned after less than a year in which he has been leading the reorganizing efforts by the carrier.
The airline has been in financial turmoil for several years after two major disasters struck it in 2014.
MH17 was shot down over eastern Ukraine while MH370 disappeared on its way to Kuala Lumpur and is still missing.
Mr. Mueller said that his reasons for leaving are due to “changing personal circumstance.”
He took up the job in May 2015 during which he has overseen a $1.56bn turnaround plan that involved job cuts and dropping the unprofitable destinations.
“We are very disappointed to lose Christoph as CEO but we fully understand his reasons and respect his need to do this,” Malaysian Airlines Chairman Md Nor Yusof said.
Mueller continues to be the CEO till September 2016 after which he will remain on the board as a non-executive director.
The process of selecting a new CEO is already underway and both internal and external candidates are considered.
It is said that a strong management team has been set up by Mueller and this will form the basis of a successful turnaround.