Calin Rovinescu will retire on Feb. 21 after nearly 12 years as CEO of Air Canada (TSX: AC), the airline announced Friday. It named Deputy CEO and CFO Michael Rousseau to replace him.
Rovinescu is highly regarded as a top airline chief for having saved Air Canada from bankruptcy and setting it up for sustainable profitability, better labor relations and improved customer service.
Since taking the helm in 2009, revenues and passenger traffic hit records and Air Canada’s share price experienced...
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