Delta Air Lines CEO will Retire in May to Become the Executive Chairman of the Airline
On Wednesday, Delta Air Lines said its long serving chief executive Richard Anderson will retire in May. Under him, the carrier turned most profitable and into one of the best run carriers
Mr. Anderson, 60, will retire from his current post to become Delta's executive chairman. The company also said Glen Hauenstein, the executive vice president of network planning and revenue management, would take over as president. There is a big shuffle going on in the company with lot of promotions.
In 2007, Mr. Anderson took the top job at Delta Air Lines and was one of the longest serving officials at the carrier. He joined the company after it emerged from bankruptcy and arrangeed a merger with Northwest Airlines in the coming year. This move helped rest of the industry move forward with greater consolidations. It served as an example of successful airline combinations.
Mr. Anderson, was born in Galveston, Texas and trained as a lawyer and was better known for his vocal and blunt opinions about the airline industry.
Last year, Delta split from Airlines for America, the trade group, as the airline did not agree with its proposal to semi-privatize governance of the U.S. air traffic control system. On Wednesday, the Republicans in the U.S. House of Representatives introduced a bill that is aimed at privatization.
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