Pieter Elbers will leave his post as CEO and president of KLM next year after the airline’s board decided not to renew his mandate for a third term. “In view of the expiration of his second term, which provides the supervisory board a natural moment for consideration, we have, after consultation with Pieter, concluded not to enter into a third term,” Cees 't Hart, chairman of the KLM supervisory board, noted in a statement released Thursday evening. The search for a successor comes at a time when “the restructuring plan has largely been implemented, which positions KLM well for recovery and further development,” he explained. “With 30 years at KLM, 11 years on the board of management including two terms as CEO, Pieter has an enormous track record and significance for KLM. Partly for this reason, it is important that we are able to achieve a smooth leadership transition.”
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