Search for new Air France-KLM CE hits turbulence

The process of choosing a new CE for Air France-KLM is causing turbulence for the airline, as French media reports that Philippe Capron, the CFO of Paris-based water and waste management company Veolia, was on point to being nominated sparked a backlash. Air France-KLM is in turmoil after a bitter labour dispute over pay at Air France degenerated into a management crisis following the surprise departure in May of former group CE Jean-Marc Janaillac. Janaillac held the post for less than 2 years and was in the early stages of implementing a turnaround strategy to help it better compete with rival airlines in a tough market but resigned after employees voted against a pay proposal he hoped would bring about an end to the long-running labour conflict. <br/>