the Air France-KLM group — formed by Air France’s 2004 merger with Dutch KLM — had been without a permanent leader since the resignation of previous chief Jean-Marc Janaillac in May.
After a long search Benjamin Smith was appointed on 16th August 2018 shortly after which time he officially took up his new position as chief executive. On the first day, (Mon 17th Sep) he announced the following statement to staff through a video message:
“Today I have decided to make another investment by investing half my fixed salary in Air France-KLM’s share capital. It's a way of demonstrating my confidence in our future success," he added. "I'm investing because I believe we can win in our market and become number one, but I also want to show my commitment."
He has vowed to invest half of his €900,000 (£800,000 approx) a year back into the airline. The 47-year-old, who was chief operation officer at Air Canada, is credited for his 19-year career in which he substantially turned around the Canadian airline during the 2008 the global economic crisis.
We look forward to watching as the airline continues to thrive in the foreseeable future.
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