Air Canada CEO Michael Rousseau will retire by the end of the third quarter of 2026, closing out nearly two decades in senior leadership roles at the country’s largest airline.
The company’s board announced the decision Monday, noting Rousseau will remain in the top job and continue serving on the board until his departure.
Succession planning has been a priority for more than two years, Air Canada said, with a structured internal development program already in place for high‑potential executives. A global external search began in January 2026 to identify additional candidates capable of leading the Montreal‑based airline.
Rousseau has agreed to remain available after his retirement to support a smooth transition, the board said.
Board chair Vagn Sørensen praised Rousseau’s long tenure, citing his leadership through the 2007–08 financial crisis, the COVID‑19 pandemic, the acquisition of Aeroplan, and efforts to restore the solvency of Air Canada’s pension plans. Sørensen added that the company’s upcoming annual general meeting will further recognize Rousseau’s contributions and “legacy of financial strength.”
More to come
