Air Canada revealed that its president and CEO, Michael Rousseau, intends to leave his position by September 2026. He plans to stay on until the board appoints a replacement.
Rousseau joined the airline almost 20 years ago as chief financial officer. He advanced to deputy CEO and took the top role in February 2021 after Calin Rovinescu. During his tenure, Air Canada managed economic downturns including the 2007-2008 crisis and COVID-19 effects. The carrier also regained control of its Aeroplan program and fixed pension solvency issues.
The board started succession efforts over two years ago with an internal executive development track. It kicked off a worldwide external hunt in January 2026. Candidates must show strong performance, including French language skills due to the airline’s Montreal base.
Board chair Vagn Sorensen noted Rousseau’s contributions to financial recovery and staff initiatives. Rousseau pointed to his leadership on the Star Alliance CEO board and IATA board as key achievements.