United names new CFO, chief commercial officer in shuffle

United Continental said Thursday it appointed a new CFO and chief commercial officer in the first major management shuffle since Oscar Munoz took the helm of the airline last September. United named Andrew Levy its CFO, filling a job that has been vacant for more than a year. Levy had multiple roles including CFO at low-cost airline Allegiant Travel. United also said Julia Haywood, a former Boston Consulting Group partner, was named chief commercial officer. Chief Revenue Officer Jim Compton will retire at the end of 2016, the airline said. Haywood's role will be the same as Compton's despite the change in title. The moves are the latest attempt by United and its reshuffled board to shape a new strategy and boost its stock price. The airline has lagged larger rival Delta in on-time arrivals and profit margins. "The older blood, within the airline industry, was seen as potentially negative," said Craig Juran of Denver Investments, who manages a fund with a stake in United. Levy "fits the description where he’s in the industry, but he’s not 100% in the industry. He’s a little bit different."<br/>