Air France-KLM to decide on management plan on May 15 as CEO leaves
Sunday, 6 May 2018 PARIS (Reuters) - Air France-KLM's board will decide on a management transition plan on May 15, the company said on Saturday, after CEO Jean-Marc Janaillac said he would step down when staff at its French brand rejected a pay deal. More than half of the staff at the French carrier who cast a ballot voted against the offer of a 7 percent salary increase over four years, prompting Janaillac to say he would resign
May.07 -- Air France-KLM Group shares fell sharply in Paris trading following last week's resignation of Chief Executive Officer Jean-Marc Janaillac. Bloomberg's Benedikt Kammel reports on "Bloomberg Markets: European Open."
According to Automotive News, Volkswagen Group terminated the contract for Audi's CEO.
VW terminated Rupert Stadler's contract due to a criminal investigation into whether he was involved in emissions..