Air Canada announced on Friday the retirement of its President and CEO, Calin Rovinescu.
After nearly 12 years at the helm of the airline, Mr. Rovinescu will retire on February 15, 2021 and the current Deputy CEO and Chief Financial Officer, Michael Rousseau, will succeed him.
Taking stock of his management, the big boss said in a statement that Air Canada “is extremely well in the saddle for the recovery when the border reopens, travel restrictions will be lifted and the economy as a whole will function again”.
He said he was “proud” of the airline’s transformation over the past decade, believing that Air Canada has become “a world leader and champion for our country”.
For his part, the Chairman of the Board of Directors, Vagn Sørensen, praised the ‘strategic leadership’ of the next retiree as well as’ his unflappable courage in making difficult and innovative decisions, always keeping in mind the best interests of all stakeholders – shareholders, employees, customers and partners ”.
Calin Rovinescu, at the head of Air Canada since April 1, 2009, also has a few words for his successor, Michael Rousseau. “I am truly delighted that the Board of Directors has endorsed his designation as successor for the next step and look forward to working closely with Mike and the rest of our seasoned management team as we transition through February,” he maintained.
The future parton was also described by Vagn Sørensen as someone with “a keen sense of finances and business”. He made it known that his team spirit will be a major asset in the years to come.
Prior to working for the airline, Michael Rousseau was President of the Hudson’s Bay Company (HBC), after having served as Executive Vice President and Chief Financial Officer of HBC.