Delta, KLM Reportedly Don’t Like Air France’s Potential Next Choice of CEO
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.
It seems like more palace intrigue is surfacing from Air France-KLM headquarters.
After months of employee strikes over pay, Jean-Marc Janaillac, the airline group’s chairman and CEO, resigned in early May. Now, as Air France begins floating names to replace him, some of the airline’s partners are opposing names on the list — particularly Philippe Capron, who is currently chief financial officer of French water utility company Veolia.
According to Reuters, Capron is one of the favorites to become Air France-KLM’s new CEO. But both Dutch airline KLM, which is part of the overall airline group, and Delta, which owns an 8.8% equity stake, are less than thrilled with the choice. In fact, they formally expressed their opposition to the frontrunner to takeover the carrier’s helm.
Their main complaint? Capron’s lack of airline experience, reports France’s BFM Business.
It’s not a bad point, except that Jean-Marc Janaillac did come from an extensive aviation, tourism and transportation background, yet he couldn’t solve the current labor problems at Air France-KLM.
France’s Economy Minister Bruno Le Maire — the same official who warned that Air France might “disappear” due to all of its internal turmoil — confirmed over the weekend that Capron was being seriously considered for the role of CEO, saying he was “one candidate among several others” for the position.
Featured image courtesy Air France.
Welcome to The Points Guy!