Air France-KLM to improve governance and simplify structure
February 19 2019 - 11:40AM
Roissy, Amstelveen,
February 19, 2019
Air France-KLM to improve
governance and simplify structure
Today, the Board of Directors of
Air France-KLM unanimously approved the presentation of Benjamin
Smith, CEO Air France-KLM, outlining his ambitions for the Group,
principles of managerial governance, strategic decisions and
processes to be made at Group level with the goal of simplifying
and improving the governance of the Group in order to reach
European airline leadership.
Some key elements necessary to
achieve the long-term goals of the Group:
-
Create a new Group CEO Committee to determine
the strategic direction for all Group airlines and business units.
This CEO committee will be chaired by Benjamin Smith. The other
members of the committee include Pieter Elbers (CEO KLM), Anne
Rigail (CEO Air France) and Frédéric Gagey (CFO Air France-KLM).
The three of them will report directly to Benjamin Smith.
-
Increase collaboration across the Group to
better capture synergies, efficiencies and economies of scale, with
the aim of improving overall Group profitability
-
Celebrate the longstanding heritage, reputation
and brand recognition of Air France, KLM and Transavia within their
respective markets and reinforce the Group's position at it two
hubs, Amsterdam Schiphol and Paris-Charles de Gaulle
-
Simplify key Group operational processes in the
following areas: fleet and network strategy, commercial and
alliances strategy, human resources, purchasing, digital and data
management.
The Board of Air France-KLM
concurs with the Supervisory Board of KLM and proposes the renewal
of Pieter Elbers as CEO of KLM during the KLM Annual General
Meeting in April.
Both Anne Rigail and Pieter Elbers
are hereby also appointed Air France-KLM Deputy CEOs and have
expressed their commitment to build the Group's success alongside
Benjamin Smith.
The Air France-KLM Board of
Directors acknowledges the entry of Benjamin Smith to the
Supervisory Board of KLM at their next AGM.
Cees't Hart will become a member
of the Air France-KLM Board of Directors at the Group's next AGM,
replacing Hans Smits.
"We are convinced that Benjamin
Smith and his team, with the renewal of Pieter Elbers, will drive
further growth at Air France-KLM, leveraging the combined strength
and experience provided by the Group and its airlines." said
Anne-Marie Couderc, Chair of the Air France-KLM Board. "The Board
of Directors welcomes this new management structure adopted today,
that will help the Group, under the clear leadership of Benjamin,
achieve industry leadership and success"
Air France-KLM Press office:
+ 33 (0)1 41 56 56 00 - www.airfranceklm.com - @AirFranceKLM
Air France-KLM to improve
governance and simplify structure
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: AIR FRANCE - KLM via Globenewswire
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