Avianca CEO Rincon to retire

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Avianca chief executive officer (CEO) Herman Rincon is to retire on 30 April after three years at the helm of the Colombian airline.

The carrier said his announcement is aligned with the company’s ongoing long-term strategic and organisational development program, as part of a planned transition.

“I’m proud to have contributed to the strategic evolution of Avianca Holdings over the last three years,” said Rincon.

“Avianca’s successful long-term strategic commercial alliance with United Airlines and the modernized and technology-focused strategy we have in place cements Avianca’s leadership position as a world-class international airline and sets the stage for its success in years to come.”

The airline has enlisted a third-party international consulting firm to assist it in searching for a successor for Rincon.

If a CEO is not appointed prior to his departure, secretary Renato Covelo, who has been acting as legal vice president and general counsel since December 2016, shall become interim CEO until a successor is appointed.