Air France-KLM has confirmed that its management veterans—group chairman and CEO Jean-Cyril Spinetta and vice-chairman and deputy CEO Leo van Wijk—will step down July 1.

In a widely anticipated move, Spinetta and Van Wijk confirmed the plans to Air France-KLM’s board meeting Monday.

Current Air France CEO Alexandre de Juniac has been named as the new chairman and CEO of

Air France-KLM Group and outgoing KLM CEO Peter Hartman will take on the role of Air France-KLM vice-chairman.

At individual airline level, Air France CFO Frederic Gagey will succeed de Juniac as Air France chairman and CEO, while KLM managing director Camiel Eurlings will take the helm at KLM, as previously announced.

All of the appointment changes will take effect July 1.

Spinetta and Van Wijk masterminded the joining of Air France and KLM, marking Europe’s first merger between two flag carriers in 2004. The two men later stepped back from day-to-day management, but were brought back in late 2011 following the sudden departure of former Air France CEO Pierre-Henri Gourgeon.

“We believe the timing is right for the new management team to take over in order to ensure the continuity of the group’s economic and financial recovery and the implementation of its new governance,” the two Air France-KLM veterans said, noting their twofold objectives of getting Air France-KLM back on the road to recovery and streamline its strategic functions are now well underway through the Transform 2015 recovery plan.