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Air France Ousts CEO; Spinetta Takes Charge

Air France-KLM (AF) Group recalled Jean- Cyril Spinetta, 68, as chief executive officer and ousted Pierre-Henri Gourgeon amid slumping earnings and questions regarding the role of pilots in a fatal crash. CEO since January 2009, 65-year-old Gourgeon had been slated to stay until 2013. Instead he quit after a board meeting late yesterday, with Chairman Spinetta taking charge until Air France-KLM adopts a single corporate structure that year. Gourgeon’s position was undermined by a 60 percent… ( More...

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