New Delhi, March 30 -- Air Canada on 30 March announced that President and CEO Michael Rousseau will retire from the role by the third quarter of this year. The board in its statement added that a comprehensive process is underway to identify next leader.

"Michael Rousseau informed the Board that he will retire . after nearly two decades of strong and dedicated leadership that has reinforced Air Canada's place as a leader in the airline industry domestically and globally," it said. The statement added that Rousseau will continue to lead the company and to serve on its Board until that time.

Rousseau in the statement called it a "great honour" to work at Air Canada and as "as chair of the Star Alliance chief executive board and on the bo...