United Continental adds 15th director to its board
United Continental Holdings completed the last step in an April agreement with 2 airline investors that staved off a proxy fight by appointing a mutually agreed 15th member to its board of directors. Edward “Ted” Philip, COO of the global non-profit health care organisation Partners in Health, was appointed to the airline’s board July 14, United said Tuesday. Philip is a former investment banker, Walt Disney executive and founding member of internet search company, Lycos. He comes to the panel as an independent director. In mid-April, 2 investment firms that hold more than 7% of United’s shares backed off a proxy battle when the airline agreed to put 2 of its representatives on the board and to appoint as nonexecutive chairman for 2 years a director who was 1 of 3 the carrier added to its board before the proxy battle became public. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-07-20/star/united-continental-adds-15th-director-to-its-board
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United Continental adds 15th director to its board
United Continental Holdings completed the last step in an April agreement with 2 airline investors that staved off a proxy fight by appointing a mutually agreed 15th member to its board of directors. Edward “Ted” Philip, COO of the global non-profit health care organisation Partners in Health, was appointed to the airline’s board July 14, United said Tuesday. Philip is a former investment banker, Walt Disney executive and founding member of internet search company, Lycos. He comes to the panel as an independent director. In mid-April, 2 investment firms that hold more than 7% of United’s shares backed off a proxy battle when the airline agreed to put 2 of its representatives on the board and to appoint as nonexecutive chairman for 2 years a director who was 1 of 3 the carrier added to its board before the proxy battle became public. <br/>
