Canadian tour operator Transat names Annick Guérard as CEO

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Guérard, who takes over effective May 27, has been the company’s chief operating officer since November 2017.

The company last month said it would borrow up to C$700 million ($569.71 million) from the Canadian government and use a portion of the funds to reimburse customers whose travel plans had to be canceled.

Transat was already struggling due to the COVID-19 pandemic when Air Canada dropped its merger plans with the company in April, creating uncertainty for the Montreal-based operator of leisure carrier Air Transat.

Guérard will join the company’s board and M. Bachand will succeed Eustache as chairman, the company said.

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