Peter Baumgartner (businessman) explained

Peter Baumgartner
Birth Place:Switzerland
Nationality:Swiss
Former CEO, Etihad Airways
Term:May 2016 – December 2017
Spouse:Divorced (2023)

Peter Baumgartner is a Swiss businessman, the senior strategic advisor to the group CEO of Etihad Aviation Group, and was the chief executive (CEO) of Etihad Airways from May 2016 to December 2017.[1]

Early life

Baumgartner was born in Switzerland.[2]

Career

He was promoted to Etihad chief operating officer (COO) in 2009.[3]

In 2016, Baumgartner was named CEO of Etihad,[4] taking over the day-to-day operational running of the airline.

Since July 2018, Baumgartner is senior strategic advisor to the group CEO of Etihad Aviation Group.[5]

Personal life

He is married, and a fellow of the Royal Aeronautical Society.[6]

Appointments

In July 2018, Etihad CEO Tony Douglas took over responsibility for the airline's main business, promoting former chief Peter Baumgartner to the position of special advisor.[7] [8] [9]

Former Etihad Airways CEO Baumgartner started his new job as Senior Advisor for PA Consulting Group in February 2020. He was to help establish a new aviation advisory board.[10] [11]

Etihad

In January 2017, the Etihad Airways management team consisted of Peter Baumgartner as CEO and Richard Hill as COO; James Hogan as CEO and CFO of the Etihad Group had resigned.[12] Baumgartner stated that in May 2017, the partnership with the Special Olympics was a step forward for Etihad Avitation Group's social activities program.[13] In November 2017, Baumgartner announced that the removal of the Dallas route was one of several adjustments made by Etihad's U.S. network in 2018.[14] The same month, Baumgartner denied that Etihad was looking for investment opportunities in various airlines.[15] As part of a strategic review supported by Baumgartner in January 2018, five Airbus A330 freighters were replaced with Boeing 777 aircraft.[16] [17]

In April 2018, in his opening remarks at AVSEC World Baumgartner revealed that the airline was proud to have a pre-clearance facility at Abu Dhabi International Airport.[18] A month later, Etihad Airways upgraded its Paris flights to Airbus A380 aircraft, due to increased demand.[19]

Tony Douglas took over the role of CEO in July 2018 following $1.52 billion in reported losses for 2017.[20]

Conferences

In 2019, following the introduction of Plug and Play's Travel and Hospitality Accelerator program, Baumgartner attended the press conference in Abu Dhabi.[21]

Controversy

In July 2020, the Court of Arbitration for Sport (CAS), lifted UEFA's 2018 Manchester City ban from the Champions League[22] for violation of its financial fair play rules and judging that City's Abu Dhabi ownership had unfairly sponsored the club by channeling money through the state's commercial companies passing them on as independent sponsorship. CAS found that "most of the alleged breaches were either not established or time-barred" and at the same time reduced the club's fine by two thirds.[23] However according to Spiegel, there were doubts about the CAS verdict as it emerged that in December 2013 City director Simon Pearce had sent an email to Baumgartner, with the subject "Payments". In this further leaked email from Pearce, who was also a senior executive in an Abu Dhabi government authority, to Baumgartner, Etihad's chief commercial officer at the time, Pearce confirmed that he was "forwarding" the airline GBP 91 million of GBP 99 million that Etihad owed to the club for its sponsorship, with Etihad merely providing GBP 8 million.[24] [25]

Notes and References

  1. Web site: India major growth market for Etihad Airways, says new CEO | GulfNews.com. gulfnews.com. 10 September 2016.
  2. Web site: Interview: Peter Baumgartner, Etihad's chief commercial officer | United Arab Emirates | Aviation | ArabianIndustry.com. arabianindustry.com. 10 September 2016.
  3. Web site: Peter Baumgartner: Executive Profile & Biography - Businessweek. bloomberg.com. 10 September 2016.
  4. Web site: Hogan heads Etihad Group; Baumgartner is Etihad CEO in new management structure. 8 May 2016. ATW Online. 22 May 2017.
  5. Web site: Peter Baumgartner, Etihad Corporate Profile . theetihadaviationgroup.com. 18 July 2018.
  6. Web site: Seow . Chong . Five Minutes with Etihad Airways' Chief Commercial Officer, Peter Baumgartner | Singapore Tatler . Sg.asiatatler.com . 25 January 2016 . 4 May 2017.
  7. Web site: Odeh . Layan . Cranny . Manus . Habboush . Mahmoud . 3 July 2018 . Etihad CEO Douglas Tightens Grip on Carrier to End Losses . 25 May 2021 . Bloomberg.
  8. Web site: Abu Dhabi's Etihad Airways announces leadership changes, job cuts expected . 3 July 2018 . Gulf Business . 1 June 2021.
  9. Web site: Etihad Airways to scale back on global plans . 4 July 2018 . Arabian Business . 14 June 2021.
  10. Web site: Former Etihad Airways CEO Peter Baumgartner joins PA Consulting . 7 February 2020 . Consultancy-me.com . 25 May 2021.
  11. Web site: Former CEO of Etihad Airways joins PA as Senior Advisor . 12 February 2020 . Consultancy.uk . 2 June 2021.
  12. Web site: Etihad group CEO James Hogan and CFO to step down . 24 January 2017 . Gulf Business . 1 June 2021.
  13. Web site: Etihad named official partner of Special Olympic Games . Jochebed Menon . 28 May 2017 . Hotelier Middleeast . 2 June 2021.
  14. Web site: Etihad axes DFW Airport service after falling-out with American Airlines . Bill Hethcock . 3 November 2017 . Business Journals . 9 June 2021.
  15. Web site: Etihad not on the lookout for new equity stakes: CEO . Shweta Jain . 12 November 2017 . Gulf News . 9 June 2021.
  16. Web site: UPDATE 1-Etihad grounds 5 Airbus cargo planes amid strategy review . Alexander Cornwell, Stanley Carvalho . 24 January 2018 . Reuters . 14 June 2021.
  17. Web site: Etihad grounds 5 Airbus cargo planes amid strategy review . 25 January 2018 . Gulf Business . 14 June 2021.
  18. Web site: Dossier: Borders... Pre-clearance set to expand . 13 April 2018 . Airlines IATA . 18 June 2021.
  19. Web site: Etihad Airways upgrades Paris flights to A380. 5 Jun 2018 . Arabian Business . 21 June 2021.
  20. Web site: Reid . David . 2018-07-03 . Etihad shuffles pack in bid to stem losses . 2024-06-10 . CNBC . en.
  21. Web site: Plug And Play Debuts Travel And Hospitality Accelerator Program In Abu Dhabi . 17 March 2019 . Entrepreneur . 23 June 2021.
  22. Web site: Manchester City's two-year Champions League ban lifted by Cas – as it happened . 13 July 2020 . The Guardian . 8 July 2021.
  23. Web site: Manchester City's Champions League ban lifted by court of arbitration for sport . 13 July 2020 . The Guardian . 8 July 2021.
  24. Web site: Der Spiegel claims new Manchester City emails cast doubt on Cas verdict . David Conn . 30 Jul 2020 . The Guardian . 30 June 2021.
  25. Web site: Der Spiegel claims to have found new emails in Manchester City FFP probe . Matthew Glendinning . 31 July 2020 . Sport Business . 30 June 2021.