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May 2021

Air France-KLM Announces Change in Position of CFO

  • Air France-KLM announced that Group CFO Frédéric Gagey will retire and leave his current position as of July 1, 2021.
  • Steven Zaat, currently serving as CFO of Air France, will succeed Frédéric Gagey as Group CFO, effective on July 1st, 2021. Steven has over 20 years of experience in the airline industry. He joined KLM in 2000 where he held various finance positions within the Engineering and Maintenance Division and subsequently as VP Finance Alliances and Head of Audit, where he was working closely with Frédéric, then Managing Director and CFO of KLM. In 2014, Steven joined the Air France-KLM Group, as VP Finance & Control of the Engineering and Maintenance Division. In 2015, he became SVP Corporate Control of Air France-KLM. He was appointed CFO of Air France in July 2019. 
  • Frédéric Gagey and Steven Zaat will work together to conduct a seamless transition of responsibilities.

Air France-KLM is a global air transport player and the leading group in terms of intercontinental traffic on departure from Europe. As of 2019, its revenue is 27.19 billion EUR employing approximately 44.8 thousand people.