Air France-KLM Names Cagey As Interim CEO After Janaillac Steps Down

Air France-KLM announced that CFO Frederic Gagey will take over as interim CEO after Jean-Marc Janaillac stepped down because of a labor relations crisis.

Air France CEO Franck Terner and KLM CEO Pieter Elbers will temporarily serve as deputy group CEOs as part of a management committee of three, with Gagey the committee’s spokesman, the group said.

Air France-KLM also named Anne-Marie Couderc as non-executive chairman of the board of directors. She is a former government minister who has also held high-level roles in the publishing industry and was already on Air France-KLM’s board.

Elbers said the temporary appointments would give the organization order and stability.