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23-Mar-2015 9:04 AM

Air France-KLM board proposes renewal of CEO's contract, looks to strengthen governance

Air France-KLM board of directors submitted (20-Mar-2015) a resolution for the renewal of chairman and CEO Alexandre de Juniac's contract for a further four-year term, as proposed by the appointments committee. The board also expressed "its full support for Alexandre de Juniac and his ambitions for Air France-KLM". The board stated: "In addition, the Board has launched a process to strengthen the Air France-KLM Group's governance to enable more interaction and consistency between Air France-KLM, Air France and KLM. To this end, Mr Hans Smits, Chairman of the KLM Supervisory Board, will be systematically invited to attend Air France-KLM Board meetings; Mr Pierre-Francois Riolacci, Air France-KLM's Chief Financial Officer, will be systematically invited to attend meetings of the KLM Supervisory Board; and Mr Alexandre de Juniac, Chairman and CEO of Air France-KLM, will be systematically invited to attend meetings of the Air France Board of Directors." [more - original PR] [more - original PR - II] [more - original PR - French]

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