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The company also named Ian Malin (OTC:MLLNF) as its next chief financial officer, who will be joining Wizz Air on Oct. 1.
Shares of the carrier were down 3.4% in early trade.
Hooghe, 45, joined the airline in February 2020, and had to navigate a turbulent time in the aviation industry due to COVID-19 related travel lockdowns.
Malin, who is currently the chief strategy and commercial officer at U.S.-based Unical Aviation, has 22 years of experience in the finance field, Wizz Air said in a statement.
Hooghe will be available during the transition period until Dec. 31, it added
