Gourgeon to Depart Air France: Report

NEW YORK (TheStreet) -- A management reshuffling at Air France reportedly will leave CEO Pierre-Henri Gourgeon out of work.

The airline's board plans to appoint Alexandre de Juniac as CEO on Monday, according to a Dow Jones Newswires report that cited an anonymous source familiar with the matter.

Gourgeon, who was CEO of both Air France and its parent, Air France-KLM, is expected to quit both jobs Monday, the report said.

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Air France-KLM Chairman Jean-Cyril Spinetta will take on the CEO's duties at the parent company until a replacement for Gourgeon is named, the report added.

Gourgeon's departure was unexpected. He had planned to name a new CEO for Air France but continue as the parent company's chief executive and eventually succeed Spinetta as Air France-KLM's chairman.

Air France is one of the world's largest airlines.

This article was written by a staff member of TheStreet.

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