Delta Air Lines CE Richard Anderson to retire, become executive chairman
Richard Anderson, the skilled and pugnacious CE who propelled Delta Air Lines to financial and operational dominance in the 9 years he has been its leader, is retiring in May and will become executive chairman of the board. He will be succeeded as CE by Ed Bastian, Delta’s long-time president, the company said Wednesday. Anderson has displayed a golden touch at Delta. He arrived just as Delta was emerging from bankruptcy-court protection, merged it with Northwest Airlines a year later and built the combined company into a highly profitable machine with the highest market cap -- US$34b -– of any US carrier. Delta said Bastian will be succeeded as president by Glen Hauenstein, the executive VP and CRO. Daniel Carp, currently Delta’s nonexecutive chairman, said that this succession plan has been several years in the making. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-02-04/sky/delta-air-lines-ce-richard-anderson-to-retire-become-executive-chairman
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Delta Air Lines CE Richard Anderson to retire, become executive chairman
Richard Anderson, the skilled and pugnacious CE who propelled Delta Air Lines to financial and operational dominance in the 9 years he has been its leader, is retiring in May and will become executive chairman of the board. He will be succeeded as CE by Ed Bastian, Delta’s long-time president, the company said Wednesday. Anderson has displayed a golden touch at Delta. He arrived just as Delta was emerging from bankruptcy-court protection, merged it with Northwest Airlines a year later and built the combined company into a highly profitable machine with the highest market cap -- US$34b -– of any US carrier. Delta said Bastian will be succeeded as president by Glen Hauenstein, the executive VP and CRO. Daniel Carp, currently Delta’s nonexecutive chairman, said that this succession plan has been several years in the making. <br/>
