Business InsiderTop News

United Airlines appoints Brett Hart as president

imageStock Markets7 hours ago (May 11, 2020 05:55PM ET)

(C) Reuters.

By Tracy Rucinski

(Reuters) – United Airlines Holdings Inc (O:UAL) on Monday named insider Brett Hart as president of the airline, succeeding Scott Kirby (NYSE:KEX) who is due to take over the reins as chief executive next week in the midst of the airline industry’s biggest crisis.

Chicago-based United had announced in December that Kirby would succeed Oscar Munoz as CEO under a transition the airline had hoped would secure a growth path after some tumultuous years.

But as the coronavirus pandemic has crushed air travel demand in the past two months, airlines including United have shifted their focus to survival.

“More than ever, United needs – and as CEO, I will need – an experienced, level-headed strategist who can help us continue to make smart decisions and aggressively manage this crisis,” Kirby said in a memo to employees seen by Reuters.

Like Kirby, Hart will temporarily waive his salary, a measure that several top airline leaders are taking in an effort to cut costs.

Hart joined United from Sara Lee in 2010 as general counsel and served as acting CEO for six months when Munoz received treatment for a heart transplant. Under his current role as chief administrative officer, Hart was responsible for matters ranging from legal and environmental affairs to corporate real estate, government affairs and corporate communications.

Under the leadership transition effective May 20, Munoz will take on the role of executive chairman. The role of chief administrative officer will not be replaced.

United Airlines appoints insider Brett Hart as president in midst of crisis

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Related Articles

Back to top button

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!