Dive Brief:

• Air Canada announced Tuesday that its CFO, Amos Kazzaz, plans to retire on June 30 after a 13-year career at the airline company.

• Effective July 1, Kazzaz will be replaced by John Di Bert, the CFO of energy storage company Clarios International, according to a press release. Di Bert previously served as finance chief for business jet manufacturer Bombardier, as well as aircraft engine maker Pratt & Whitney Canada.

• “John has extensive experience in both aerospace and senior leadership roles,” Air Canada CEO Michael Rousseau said in the release. “We are excited to have attracted someone of his caliber to help lead Air Canada to realize its full potential following the pandemic.”

Dive Insight:

The announcement comes on the heels of Air Canada reporting that its total annual revenues surged to $16.5 billion last year — more than two and a half times its revenue in 2021.

Air Canada employees have “shown incredible adaptability, scale and teamwork in dealing with the collapse of travel early in the pandemic and then with the unprecedented resurgence of traffic that began this past spring,” Rousseau said in a February earnings call.

Looking ahead, the airline remains “vigilant” on monitoring the price of fuel and is taking steps, where possible, to manage its impact, Kazzaz added during the call.

“This includes alternate supply options and taking pricing actions as needed and of course, monitoring our fuel efficiency,” he said.

Kazzaz became Air Canada’s CFO in February 2021, according to his LinkedIn profile. He joined the company in 2010 as vice president of financial planning and analysis and became senior vice president of finance in 2015.