Air France CEO to Step Aside Ahead of Labor Talks
24 Outubro 2016 - 12:00PM
Dow Jones News
PARIS—Air France Chairman and Chief Executive Officer Frederic
Gagey plans to resign ahead of a new round of labor talks to become
chief financial officer of the airline's parent company, an
official at the French carrier said Monday.
The move is a part of management's plan to split the jobs of CEO
and chairman at Air France, the official said.
Jean-Marc Janaillac will become chairman of Air France in
addition to his current role as chief executive and chairman of
parent company Air France-KLM. The French carrier is expected to
appoint a new CEO to replace Mr. Gagey at a later date, the
official said.
The company is scheduled to introduce a new strategic plan on
Nov. 3 that will include new labor measures.
Mr. Gagey has held senior positions in the group since 1999,
including stints as CFO at Air France and at KLM, the group's Dutch
arm.
Tense labor talks led to strikes over the summer that cost the
company €90 million. A year ago, labor negotiations erupted into a
violent brawl in which a mob of unionized workers accosted two
company executives and ripped off their shirts in front of TV
crews.
Write to Inti Landauro at inti.landauro@wsj.com
(END) Dow Jones Newswires
October 24, 2016 09:45 ET (13:45 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Air FranceKLM (EU:AF)
Gráfico Histórico do Ativo
De Fev 2024 até Mar 2024
Air FranceKLM (EU:AF)
Gráfico Histórico do Ativo
De Mar 2023 até Mar 2024