Air France-KLM CFO plans his departure as new CE arrives

Air France-KLM Group CFO Pierre-François Riolacci announced he’s stepping down a week after a new CE took charge, leaving the airline scrambling to find a successor amid tensions with French pilots over cost-cutting efforts. Riolacci will leave the carrier in November to become CFO at ISS. The executive is departing the airline in the midst of a reorganisation that has prompted sometimes violent protests by pilots and other staff and a schism between its French and Dutch arms. CE Jean-Marc Janaillac, a close ally of French president Francois Hollande with limited airline experience, took over the airline’s leadership at the beginning of July. Riolacci will be the second CFO at a major European airline to exit this year, following the resignation of Lufthansa’s Simone Menne to join Boehringer Ingelheim. <br/>