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Air India Board Discusses CEO Transition and Incoming Salary Structure
Air India's board held a meeting in Mumbai.
The airline is preparing for a new chief executive, Tewolde Gebremariam.
The board talked about his salary and other company matters.
He can officially begin after receiving security clearance.
Current CEO Campbell Wilson will leave the role this month.
Wilson has led Air India's transformation since 2022.
Air India is dealing with financial losses and several operating difficulties.
The airline's leaders say safety, reliable operations and controlling costs are important goals.
Air India's board met in Mumbai to discuss the airline's leadership transition and other matters.
The board discussed the salary structure for incoming CEO Tewolde Gebremariam, whose security clearance is still awaited.
Current CEO Campbell Wilson is scheduled to step down this month after leading the airline since July 2022.
Board members thanked Wilson, who said he was pleased to hand over to Gebremariam.
Air India continues to face losses, operational challenges, geopolitical disruptions and the aftermath of the fatal AI171 accident.
- Who
- Air India's board, outgoing CEO Campbell Wilson and incoming CEO Tewolde Gebremariam.
- What
- The board discussed the CEO transition, Gebremariam's salary structure and other matters.
- Where
- At Bombay House, the Tata Group headquarters in Mumbai.
- When
- The board met on Tuesday; Wilson is expected to step down this month and Gebremariam is expected to take charge later this month after clearance.
- Why
- Air India is preparing for a leadership change while addressing financial losses, safety concerns and operational challenges.
Key facts
- Board chair
- N Chandrasekaran, chairman of Tata Sons
- Outgoing CEO
- Campbell Wilson, who has led Air India since July 2022
- Incoming CEO
- Former Ethiopian Airlines Group chief Tewolde Gebremariam
- Pending requirement
- Security clearance for Gebremariam before he formally assumes the role
- Board meeting location
- Bombay House, Mumbai
- AI171 accident toll
- The article says the fatal accident killed 260 people
- Singapore Airlines stake
- Singapore Airlines holds a 25.1% stake in Air India
Quotes
Campbell Wilson
Outgoing Air India managing director and CEO
“It has been a privilege to be a part of Air India's long history and very happy to hand over to Tewolde as my successor. All the very best to India and Air India to become a world class airline.”
thehansindia.com
Tewolde Gebremariam
Incoming Air India managing director and CEO
“we will Make Air India Great Again (MAGA)”
thehansindia.com
Sources
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