WHY IT RATES: Travel agents should be ready to answer client questions about yet another executive change at United Airlines..-Donald Wood, Breaking News Senior Writer.
United Airlines announced Thursday that Gerry Laderman has been named acting chief financial officer. He succeeds Andrew Levy, who has decided to leave United. UAL will immediately begin a search for a new chief financial officer.
Laderman currently serves as senior vice president of finance, procurement and treasurer and as a member of the senior executive leadership team.
He has held legal and financial positions of increasing responsibility at the company for nearly 30 years and will be responsible for continuing to execute United's overall financial strategy, including cost management, capital allocation and balance sheet optimization.
"I personally want to thank Andrew for his contributions to United. He leaves the company in a stronger financial position and with a clear strategy and framework in place. Our exceptional operational performance and our focus on productivity are driving improved profitability despite anticipated fuel headwinds and we remain confident in our existing financial guidance," said CEO Oscar Munoz.
"Gerry's deep experience and financial acumen mean that he is ideally suited to lead our finance organization during this transitional period. Gerry will work with the rest of the team to continue delivering on our financial strategy as we search for a permanent CFO," Munoz continued.
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