Air France-KLM announced that Group CFO Frédéric Gagey (64) will retire and leave his current position as of July 1st, 2021.

Steven Zaat, currently serving as CFO of Air France, will succeed Frédéric Gagey as Air France-KLM Group CFO, on July 1st, 2021. Frédéric Gagey and Steven Zaat will work together to conduct a seamless transition of responsibilities.

Steven Zaat has over 20 years of experience in the airline industry. He joined KLM in 2000 where he held various finance positions within the Engineering and Maintenance Division and subsequently as VP Finance Alliances and Head of Audit, where he was working closely with Gagey, then Managing Director and CFO of KLM. 

In 2014, Steven joined the Air France-KLM Group, as VP Finance & Control of the Engineering and Maintenance Division. In 2015, he became SVP Corporate Control of Air France-KLM. He was appointed CFO of Air France in July 2019. Steven Zaat holds a degree in economics and business studies from Rotterdam’s Erasmus University and a Certified Controller post-graduate diploma from the Amsterdam Vrije University Controllers Institute.