Rovinescu Named CEO Of Year

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    Calin Rovinescu, president and chief executive officer of Air Canada, was named ‘Canada’s Outstanding CEO of the Year’ for 2016. He was selected for the award based on his record in transforming Air Canada into a profitable, globally competitive, and highly regarded organization. The award presenter noted the carrier’s success, growing operating revenues for six consecutive years, and its record EBITDAR, operating income, and adjusted net income in 2015. It also cited the company’s strong growth, notably a 50 per cent increase in international capacity since 2009, the achievement of long-term labour stability, and the reversal of the company’s $4 billion pension plan solvency deficit into a $1.3 billion surplus as of January 1, 2016.