United CFO resigns

United CFO Andrew Levy is stepping down, the carrier said Thursday, in a major management shakeup as the airline's financial performance lags rivals. Levy will be replaced in the interim by Gerry Laderman, a senior United executive, who had served as acting chief financial officer before Levy's appointment. The carrier said it will immediately begin a search for a permanent replacement. Levy said he resigned Monday, May 14, after serving less than two years in the post. "Since my arrival in August 2016, the company has faced several challenges, but we have nevertheless enjoyed success. As satisfying as this job has been, I am considering several exciting opportunities and will choose one in the coming weeks," he said. Levy said he would continue to serve on the board of Copa Holdings, the parent company of Panama's Copa Airlines, as an independent member. United CEO Oscar Munoz said Levy "leaves the company in a stronger financial position and with a clear strategy and framework in place." Munoz said the move did not affect the carrier's prior financial guidance.<br/>