Air France-KLM: Anne-Marie Couderc will be reappointed as president

Indeed, Anne-Marie Couderc, who will be 70 years old on February 13, 2020 may, according to the statutes, continue to assume the function until the general meeting which will close the accounts for the financial year during which she had her 70 years.
Indeed, Anne-Marie Couderc, who will be 70 years old on February 13, 2020 may, according to the statutes, continue to assume the function until the general meeting which will close the accounts for the financial year during which she had her 70 years.

According to concordant sources, the group’s board of directors has unanimously validated the choice to propose to the next general meeting, to be held in May 2020, the reappointment of Anne-Marie Couderc. If her mandate as administrator will be renewed for a period of four years, Anne-Marie Couderc will nevertheless be constrained by the statutes on the age limit to leave her duties as non-executive president in May 2021. Names are already circulating to replace her .

Appointed in May 2018 to the board of directors, of which she was a member, to urgently compensate for the departure of the CEO of the time Jean-Marc Janaillac, who resigned after a lost referendum on the salary issue, Anne-Marie Couderc will be re-elected to the non-executive chairmanship of Air France-KLM.
President until May 2021, administrator until 2024

According to concordant sources, the group’s board of directors unanimously validated this Wednesday the proposal of the nominations committee to propose to the next general meeting to be held in May 2020 the reappointment of Anne-Marie Couderc in her functions . If her mandate as administrator will be renewed for a period of four years, Anne-Marie Couderc will nevertheless be constrained by the statutes on the age limit to leave her duties as non-executive president mid-way, one year later, in May 2021, during the general assembly which will close the accounts for the fiscal year 2020.

Indeed, Anne-Marie Couderc, who will be 70 years old on February 13, 2020 may, according to the statutes, continue to assume the function until the general meeting which will close the accounts for the financial year during which she had her 70 years. However, this age limit does not concern the functions of director and Anne-Marie Couderc may continue to sit on the board of directors.

When questioned, Air France-KLM did not comment.

The question of the relevance of a renewal of the presidency for only one year was quickly dismissed. The good relations (and its complementarity) that Anne-Marie-Couderc maintains with the director general of Air France-KLM, Ben Smith, but also with the French State and the management of KLM have led to its renewal, which she had asked.

Given the stagnation of negotiations between France and the Netherlands on the governance of the group, completely turned upside down since the Dutch state’s irruption in the group’s capital last February, no one wanted to create new tensions on the subject of the presidency of the group.
Guillaume Pepy, future president?

However, if the question of his succession is postponed, names of successors are already circulating. In particular that of Guillaume Pepy (61 years old) the former chairman of the SNCF executive board, who left his post on October 31. Some do not hesitate to make it the favorite.

"He has a serious chance, he managed a company with social problems and knows the problem of transport", explains a good connoisseur of the company, more skeptical about the ability of Guillaume Pepy to remain in the shadows than accompanying the function of non-executive chairman.

In 2015, when the question of the renewal of Alexandre de Juniac at the head of Air France-KLM arose, he had almost got the job with the support of the State. But the group’s board of directors opposed it and preferred to renew Alexandre de Juniac. Also circulating the names of Pierre Mongin (65), the former CEO of RATP from 2006 to 2009, and Bernard Spitz (60), president of the French Insurance Federation and member of the board of directors of ‘Air France. Some also mention the CEO of Orange, Stéphane Richard, 58, who was renewed last year at his post for a period of four years.

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