Air France-KLM CEO Jean-Marc Janaillac leaves at short notice

  • Push-out Score determined
  • After less than two years in the position
  • Responsibilities redistributed

(exechange) — Paris, France, May 4, 2018 — Jean-Marc Janaillac, chief executive of Air France-KLM, leaves. It is a change at short notice. As announced by Air France-KLM SA in a news release on Friday, May 4, 2018, Jean-Marc Janaillac leaves his post as Chief Executive Officer at the Franco-Dutch airline after less than two years in the position, effective May 9, 2018.

No company wants a CEO to flame out in the first years.

The position of Chief Executive Officer is currently not filled. Jean-Marc Janaillac’s responsibilities are redistributed.

“He will draw the personal conclusions of the results of this consultation”

On April 20, 2018, Chairman and CEO of Air France-KLM Jean-Marc Janaillac launched a consultation with all Air France staff to ask them their opinion on the multi-year pay agreement open for signature on April 16, 2018.

A majority of Air France staff have voted “no” in the consultation on the multi-year pay agreement proposed on April 16.

Janaillac’s imminent departure from the CEO post is explained as follows. Air France-KLM said: “As Jean-Marc Janaillac has announced, he will draw the personal conclusions of the results of this consultation.”

Precise information about Janaillac’s future plans was not immediately available.

“Resignation”

Air France-KLM said: “[Jean-Marc Janaillac] will convene meetings with the Air France-KLM and Air France Boards of Directors on 9 May and will submit his resignation. It will be their responsibility to take the appropriate measures to ensure the continuity of the group and Air France during the transition period.”

Share price decline

The change follows a decline in the share price of Air France-KLM SA since January 2018.

In the position of CEO since 2016

Jean-Marc Janaillac has been the Chairman and Chief Executive Officer of Air France-KLM SA since July 4, 2016.

Born on April 26, 1953, Jean-Marc Janaillac graduated from the HEC Business School and Ecole Nationale d’Administration.

After sitting on the Air France board from 1989 to 1994, he was chairman and CEO of RATP Dev from 2010 to 2012 and Managing Director, Group Development for RATP from 2004 to 2010.

He has also held senior management positions within the Maeva tourism group (2000-2002) and AOM (1997-2000).

Chairman and CEO of Transdev from 2012 to 2016, he was appointed Chairman and CEO of Air France-KLM on July 4, 2016.

Push-out Score determined
Read the full story in the exechange report 20.2018 ($).