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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?

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