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Governance

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Our Board of Directors

The Board of Directors determines the company's business policies and oversees their implementation. In this respect, it works with General Management and the specialised committees to align the economic and financial performance objectives with social, societal, and environmental (CSR) issues. The Board of Directors operates according to the corporate governance principles in force in France as presented in the AFEP-MEDEF Corporate Governance Code. A director's term of office is four years, and the renewal of the term of office is staggered to ensure the smooth renewal of the Board of Directors. 

Composition

Anne-Marie COUDERC 12
Anne-Marie Couderc
Chair of Air France-KLM Board of directors – Chair of the Appointments and Governance Committee
Benjamin Smith
Benjamin Smith
Chief Executive Officer of Air France-KLM
Gwenaelle AVICE-HUET 13
Gwenaëlle Avice-Huet
Independent Director - Member of the Audit Committee and the Remuneration Committee
Alain BELLEMARE 07
Alain Bellemare
Permanent representative of Delta Air Lines, Inc., board director – Member of the Remuneration Committee
Leni T Boeren
Leni M. T. Boeren
Independent director - Member of the Audit Committee and of the Sustainable Development and Compliance Committee
Pascal Bouchiat
Pascal Bouchiat
Board director appointed by the Shareholders’ Meeting as proposed by the French State
Member of the Sustainable Development and Compliance Committee
Isabelle BOUILLOT 11
Isabelle Bouillot
Independent director - Chair of the Audit Committee and member of the Remuneration Committee
Photo Didier Dague
Didier Dague
Board director representing the employees - Member of the Sustainable Development and Compliance Committee
Michel DELLI-ZOTTI 21
Michel Delli-Zotti
Board director representing the current and former Flight Deck Crew employee shareholders - Member of the Audit Committee
Photo Ramon Fernandez
Ramon Fernandez
Permanent representative of CMA CGM
Céline Fornaro
Céline Fornaro
Board director appointed by the French State Member of the Audit Committee, the Remuneration Committee and of the Appointments and Governance Committee,
Cees T HART 15
Cees ‘t Hart
Board director
Anne Marie IDRAC 09
Anne-Marie Idrac
Independent director - Chair of the Sustainable Development and Compliance Committee
Photo Yann Leriche
Yann Leriche
Board director appointed by the Shareholders’ Meeting as proposed by the French State
Nicolas Foretz
Nicolas Foretz
Board director representing the Ground Staff and Cabin Crew shareholders - Member of the Audit Committee
Terence TILGENKAMP 15
Terence Tilgenkamp
Board Director representing employees - Member of Remuneration Committee
Dirk VAN DEN BERG 09
Dirk Jan van den Berg
Board director – Member of the Sustainable Development and Compliance Committee
Photo James Wang
Jian Wang
Board director - Member of the Sustainable Development and Compliance Committee
Alexander WYNAENDTS 10
Alexander R. Wynaendts
Independant director - Chairman of the Remuneration Committee and of the Appointments and Governance Committee

Internal rules of the Board of Directors

Internal rules of the Board of Directors can be accessed via download link below.

Internal rules of the Board of Directors
pdf, 167.04 Ko

Committees of the Board of Directors
 

Our Executive Committee

Chair by the Chief Executive Officier of Air France-KLM, the Group Executive Committee is composed of the Chief Executive Officer of Air France-KLM, the President and Chief Executive Officer of KLM, the Chief Executive Officer of Air France and the 10 heads of the Group's functions.

Benjamin Smith
Benjamin Smith
Chief Executive Officer of Air France-KLM
Anne Rigail
Anne Rigail
Chief Executive Officer, Air France
Marjan Rintel
Marjan Rintel
President and Chief Executive Officer, KLM
Steven Zaat
Steven Zaat
Chief Financial Officer, Air France-KLM
Angus CLARKE
Angus Clarke
Executive Vice President and Chief Commercial Officer Air France-KLM
Anne Brachet
Anne Brachet
Executive Vice President, Air France-KLM, Engineering & Maintenance
DEN HEIJER
Adriaan Den Heijer
Executive Vice President, Air France KLM, Cargo
Henri de Peyrelongue
Henri de Peyrelongue
Executive Vice President Marketing Air France-KLM
Oltion Carkaxhija
Oltion Carkaxhija
Executive Vice President Strategy and Transformation, Air France-KLM
Constance Thio
Constance Thio
Executive Vice President Air France-KLM, Human Resources and Sustainability
PO Bandet
Pierre-Olivier Bandet
Executive Vice President Air France-KLM Information Systems
Photo Alexandre Boissy
Alexandre Boissy
Corporate Secretary, Air France-KLM

Our remuneration policy 2023

Pursuant to the provisions of Article L. 22-10-8 of the French Commercial Code, the remuneration of the corporate officers of Air France-KLM is set by the Board of Directors, on the recommendation of the Remuneration Committee in accordance with the provisions of the AFEP-MEDEF Code. The company's Board of Directors thus establishes a remuneration policy in line with the company's interests and its commercial strategy, and which contributes to its sustainability. It lists all the fixed and variable components of the remuneration of the corporate officers and explains the decision-making process followed for its establishment, revision, and implementation. This remuneration policy is the subject of a draft resolution submitted to the General Meeting for approval under the conditions provided for in Article L. 22-10-32 of the French Commercial Code each year and at the time of each significant change in the remuneration policy. 

Information on remuneration (extract from the 2022 Universal Registration Document)

 

Air France-KLM Articles of incorporation 

Our Articles of incorporation can be accessed via the download link below. 

The Air France-KLM Articles of incorporation
pdf, 256.78 Ko

Regulated Agreements 

Pursuant to Article L. 22-10-13 of the French Commercial Code, the Regulated Agreements concluded by Air France-KLM are listed below. 

Conclusion of regulated agreements between Air France-KLM, Virgin Atlantic and Delta Air Lines (approved by the Air France-KLM Board of October 30, 2019).

Entering into of a State Guaranteed Loan and of Shareholder Loan (Board meeting authorization dated 24 April 2020).

Conclusion of a Framework Agreement between Air France-KLM, KLM and the Dutch State (Board meeting authorization date dated 25 June 2020).

Adjustment to the financial conditions of the joint ventures entered into with (i) Delta Air Lines, Inc. and Virgin Atlantic Airways Ltd. and (ii) China Eastern Airlines Co. Ltd in the context of the Covid-19 crisis (board meeting authorization dated December 4th, 2020).

Conclusion of a commitment to subscribe to a capital increase, a subscription agreement to issue of undated deeply subordinated notes and an amendment to the shareholder's loan agreement between the Company and the French State (authorized by the Board of Directors on April, 5 2021).

Expansion of the cooperation agreement entered into between the Company, Air France-KLM and China Eastern Airlines (Board meeting authorization dates 5 April 2021).

Conclusion of an amendment regarding the State Guaranteed Loan concluded on May 6, 2020 (authorized by the Board of Directors on October 11, 2021).

Conclusion of a Business Cooperation Agreement between Air France-KLM, Air France, KLM, CMA CGM Air Cargo and CMA CGM (authorized by the Board of Directors on December 8, 2022).

Repurchases of a fraction of the Deeply Subordinated Notes (authorized by the Board of Directors on June 15, 2022, July 28, 2022 and December 8, 2022).

Repurchase of a fraction of the Undated Deeply Subordinated Notes and subscription to new Undated Deeply Subordinated Notes for a total amount of 727,800,000 euros (authorised by the Board of Directors on 16 February 2023)

Conclusion of an amendment to the subscription agreement executed on May 22, 2022 between Air France-KLM and CMA CGM (authorized by the Board of directors on April 19, 2023)

Regulated agreement on the termination of the waiver agreement relating to the JVA with China Eastern Airlines Co Ltd (authorized by the Board of directors on July 27th, 2023)

Regulated agreement related to the conclusion of an Investment Agreement between Air France-KLM, Air France, KLM, BlueTeam VII, AP Fides Holdings I LLC and AP Fides Holdings II LLC (authorized by the Board of directors on October 26th, 2023)

Conclusion of a Shareholders’ Agreement relating to Flying Blue Miles, between Air France-KLM, Air France, KLM, AP Fides Holdings I LLC and AP Fides Holdings II LLC, in the presence of Flying Blue Miles

Agreements entered into in the context of the termination of the commercial cooperation between Air France-KLM and CMA CGM (authorized by the Board of directors on January 15, 2024)