Alexandre de Juniac is to take over as chairman and CEO of Air France KLM this summer, succeeding current boss Jean-Cyril Spinetta.
De Juniac, who is currently CEO of Air France, will take on the top role from Spinetta on July 1, it was announced following a board meeting of the airline today (March 25).
Air France KLM’s deputy CEO Leo van Wijk will also leave his role to be replaced by Peter Hartman from July. As part of the changes, Frederic Gagey will become CEO of Air France.
The company is currently undergoing a major restructuring which aims to cut debts by €2 billion by 2015.
Spinetta and van Wijk said in a joint statement: “The Transform 2015 recovery plan, simultaneously launched last year at Air France and KLM, is now bearing fruit thanks to the agreements which have been signed by both airlines with the representative trade unions and works councils.
“The group net debt decreased in 2012. The new governance of the Air France-KLM Group will be up and running as of July this year.
“Under these circumstances, we believe the timing is right for the new management team to take over in order to ensure the continuity of the group’s economic and financial recovery and the implementation of its new governance.”
airfrance.co.uk
klm.com