Air Canada announced on March 30, 2026, that President and CEO Michael Rousseau will retire by the end of the third quarter of 2026, after nearly two decades with the carrier. Rousseau, who joined as Chief Financial Officer, advanced to Deputy CEO and succeeded Calin Rovinescu as President and CEO in February 2021, will remain in his role and on the board until a successor assumes the position.
During his tenure, Air Canada navigated the 2007-2008 financial crisis and the COVID-19 pandemic. Key achievements include repatriating the Aeroplan loyalty program in-house and restoring solvency to its pension plans, bolstering the airline’s financial position.
The board’s succession planning, ongoing for over two years, features an internal development program for senior executives and an external global search launched in January 2026. Candidates will be evaluated on skills, experience, and French language proficiency, given the airline’s Montreal headquarters.
Board chair Vagn Sorensen highlighted Rousseau’s leadership in strengthening finances and advancing customer and employee initiatives. Rousseau noted his roles chairing the Star Alliance CEO board and serving on the International Air Transport Association board as career highlights. He has agreed to assist with a seamless transition.