Rovinescu Retiring in February

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https://www.bnnbloomberg.ca/air-canada-ceo-calin-rovinescu-to-retire-in-february-1.1509127

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Air Canada CEO Calin Rovinescu to retire in February

BNN Bloomberg

 

Air Canada president and CEO Calin Rovinescu arrives for the airline's annual meeting Monday, April 30, 2018 in Montreal. , THE CANADIAN PRESS/Paul Chiasson

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Air Canada president and CEO Calin Rovinescu is retiring in February and will be succeeded by deputy CEO and chief financial officer Michael Rousseau, the company announced Friday.

"I have enjoyed a unique and very special relationship with Air Canada and our outstanding people for over three decades, on the front lines of many of the company's defining moments,” Rovinescu said in a release.

"While COVID-19 has decimated the global airline industry, fortunately we entered the pandemic much healthier than almost any other airline in the world as a result of our strong balance sheet, track record and engaged workforce.”

Rovinescu has been at the helm of the country’s largest air carrier since 2009. Prior to his role as CEO, he served as executive vice-president of corporate development and strategy from 2000-04. He also held the position of chief restructuring officer during the airline’s restructuring in 2003-04.

He previously served as chair of the Star Alliance Chief Executive Board and as chair of the International Air Transport Association’s board of governors. Rovinescu is a current board member of BCE Inc., BNN Bloomberg’s parent company.

Rovinescu said he is “delighted” Air Canada’s board of directors endorsed Rousseau as his successor. Rousseau has served as the company’s deputy CEO since 2018 and as executive vice-president and CFO since 2007.

Prior to joining Air Canada, Rousseau was president of Hudson’s Bay Company. He graduated from York University's Schulich School of Business and was named Canada's CFO of the year in 2017.