Business
Transat announces that Jean-Marc Eustache is retiring and handing over the leadership of the company - Annick Guérard appointed as President and Chief Executive Officer
Transat announces that Jean-Marc Eustache is retiring and handing over the leadership of ...
About this update from Transat A.t. Inc.
[{"type":"text","content":"\n \n \n \n Transat announces that Jean-Marc Eustache is retiring and handing over the leadership of the company - Annick Guérard appointed as President and Chief Executive Officer\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n MONTRÉAL,\n \n May 26, 2021\n \n /CNW Telbec/ - Transat A.T. Inc. (\"\n \n Transat\n \n \" or the \"\n \n Corporation\n \n \") announces today the implementation of the succession plan set up for Mr.\n \n Jean-Marc Eustache\n \n who is retiring and handing over the leadership of the Corporation.\n \n \n Mr. Eustache has been one of the principal architects of the creation of Transat in 1987. With his avant-garde business vision focused on vertical integration, he helped make Transat a world leader in the tourism industry. The company he built has been the envy of many, as evidenced by the announcement in 2019 of the transaction for its acquisition by Air Canada valuing the company at more than\n \n $720 million\n \n before the pandemic came to thwart these plans.\n \n \n \"With the crisis resulting from the COVID-19, we were most happy to have been able to rely on all of Jean-Marc's experience and wisdom to face the worse storm in the history of Transat and the tourism industry, until the implementation of the critical $700 million financing announced on April 29, 2021 which will provide Transat with the funds it needs to relaunch its operations on solid grounds once it emerges from the pandemic-induced restrictions\" has indicated Mr. Raymond Bachand, the Lead Director of the Corporation.\n \n \n \"We are grateful to Jean-Marc for his contribution and his unwavering dedication throughout his tenure at Transat, and we now hope that he can fully enjoy his well-deserved retirement\" he added.\n \n \n Mrs. Annick Guérard is appointed as President and Chief Executive Officer starting on\n \n May 27, 2021\n \n . Mrs. Guérard has been Transat's Chief Operating Officer since\n \n November 2017\n \n .\n \n \n \"Jean-Marc has been a pillar of the company since its begin...