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"The members of the Air France-KLM Board of Directors wish to express their deep regret over the successive strikes affecting Air France customers in recent weeks and disrupting their travel plans", the board said.
It added: "The Board recognises Jean-Marc Janaillac's courageous decision and sincerely hopes that it will open the way to the conditions for a transformation at Air France and fresh momentum for Air France-KLM".
A three-person committee was announced to manage Air France-KLM, with group chief financial officer Frédéric Gagey acting as chief executive, and Air France CEO Franck Terner and KLM CEO Pieter Elbers serving as group deputy chief executives.
The airline group's board said the transitional governance structure was established for "the shortest-possible period required to effectively complete the succession process for the roles vacated by Jean-Marc Janaillac".
Former French minister, Anne-Marie Couderc, was named non-executive chairman at the French-Dutch group, which has been hit by months of strikes as unions seek a 5.1% pay rise at Air France this year. The group also includes the airlines of Transavia, HOP! and Joon. Board member Anne-Marie Couderc will act as non-executive chairwoman during that time.
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Tuesday's transfer is created to fill a spot left by the abrupt departure of chief govt Jean-Marc Janaillac after workers earlier this month rejected a pay proposal geared toward ending a sequence of strikes which have resulted in heavy losses.
Moreover, regarding Air France, Couderc will also be appointed as non-executive chairman of Air France's Board of Directors and Franck Terner will remain as Air France's managing director.
"Regarding the ongoing labour dispute... the Air France CEO does not have a new mandate to take decisions that would jeopardise the growth strategy approved by the Air France-KLM board of directors", a statement said.
Departing CEO Janaillac told the shareholders' meeting that the group was facing "one of the worst crises in its history".
"These strikes will also have a negative impact on the group's financial results", the board said.
On Tuesday, an adviser to President Emmanuel Macron said the French government had no plans to reduce its 14.3 percent stake in Air France-KLM, but may not maintain this level forever.