UAL extends Tilton contract as United’s CEO
UAL Corp.’s board of directors last week agreed to extend the contract of Glenn Tilton, United Airlines’ president, chairman and chief executive officer, through to Sept. 1, 2011.
Tilton’s previous agreement was due to expire Sept. 1, 2007.
In February, UAL, United’s parent company, formally exited bankruptcy after more than three years operating under Chapter 11 protection.
“Under Glenn Tilton’s leadership, United completed a $23 billion restructuring and returned to profitability, and we look forward to Glenn’s ongoing leadership as United implements its strategic business plan. Chicago’s hometown airline is now positioned to compete with the world’s strongest carriers,” said James J. O’Connor, UAL’s lead director.
At the same time, the board also approved a four-year agreement for Pete McDonald, United’s executive vice president and chief operating officer.
Additionally, UAL promoted Graham Atkinson, senior vice president worldwide sales and alliances, to executive vice president and chief customer officer. Jeff Foland, United’s senior vice president worldwide sales will succeed Atkinson.