Air Canada CEO Calin Rovinescu was on track to receive $12.9 million in total compensation before the pandemic hit
Air Canada CEO Calin Rovinescu is seen here attending a dinner in Toronto on Oct. 17, 2017. Air Canada’s shares closed at $16.76 on Monday.
MONTREAL — Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline’s shares stalled due to theAs of May 4, when the company’s share price closed at $17.63 on the Toronto Stock Exchange, the total compensation of its president and chief executive officer was estimated at $5.8 million. Air Canada’s shares closed at $16.76 on Monday.
Remuneration of top executives and board members were included in a proxy circular sent to Air Canada shareholders prior to its virtual meeting scheduled for June 25.
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