Description: Calin Rovinescu will retire as Air Canada’s top executive in February and hand the reins to Chief Financial Officer Michael Rousseau, who takes over an airline with a strong balance sheet but a huge rebuilding task ahead of it.

Source: Bloomberg.com

Date: Oct 16, 2020

Link: https://www.bloomberg.com/news/articles/2020-10-16/air-canada-s-rovinescu-retires-hands-control-to-cfo-rousseau?srnd=premium-canada

Questions for discussion:

• What sort of special challenges will the new CEO face in the coming years?
• Do you think coming from a finance background, he will be better equipped to handle the firm’s problems?