Chandrasekaran Chairs Air India Board Meeting As Tewolde Gebremariam Set To Take Over Charge From Campbell Wilson
The board of directors of Air India is meeting on September 15 as the airline prepares for a change in leadership, with former Ethiopian Airlines Group chief Tewolde Gebremariam expected to formally take charge later this month. According to media reports, the meeting is being chaired by Tata Sons Chairman N Chandrasekaran and includes discussions on several issues, including the compensation…
On September 15, the board of directors of Air India convened to discuss leadership changes as the airline prepares for Tewolde Gebremariam's formal inauguration as the new CEO later this month. The meeting, chaired by Tata Sons Chairman N Chandrasekaran, addressed various matters, including the compensation package for Gebremariam.
Campbell Wilson, the current Managing Director and CEO, is set to depart from Air India this month after spearheading the airline's transformation program since July 2022. The board comprises independent directors Sanjiv Mehta, Alice G Vaidyan, and P R Ramesh, alongside non-executive non-independent directors P B Balaji and Goh Choon Phong.
Boards members acknowledged Wilson's role in implementing a comprehensive restructuring and modernization strategy following the Tata Group's acquisition of the airline. Chandrasekaran, Wilson, and Gebremariam arrived at the meeting at Bombay House, the Tata Group headquarters. Air India continues to grapple with financial losses, operational disruptions, geopolitical uncertainties, and fuel price fluctuations, as well as the aftermath of the tragic AI171 crash in June 2022, which claimed 260 lives.
At a townhall meeting with employees on September 7, Gebremariam unveiled his vision for the carrier, stating, "We will Make Air India Great Again" (MAGA), urging support to mitigate disruptions and enhance operational performance. During the same event, Chandrasekaran emphasized the importance of bolstering safety standards and fostering greater cost awareness throughout the organization.
The Tata Group acquired Air India from the government in January 2022, and Singapore Airlines subsequently acquired a 25.1% stake as part of its partnership with the Tata Group.
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