ankruptcy previously announced his intention to resign as CEO. At the time, Grinstein made it clear he hoped his successor would be from within the firm rather than an outsider. Most analysts thought his choice was for finance chief Ed Bastian. As part of the announcement, Delta promoted Bastian to President and Chief Financial Officer.In the announcement the board stated,
“After a thorough search, the Board concluded that Richard Anderson possesses the right blend of seasoned leadership, strategic skills, international experience and airline knowledge the company needs to navigate the industry’s challenges and capitalize on its opportunities,” said Daniel A. Carp, chairman of Delta’s Board of Directors. “Well-qualified with a proven track record in this highly competitive industry, Richard has a demonstrated ability to master the competitive pressures of today’s marketplace with innovation and an unwavering focus on the customer. He brings complementary strengths to Delta’s highly talented leadership team and high admiration for the people of Delta and their recent success in restructuring to become a fiercely competitive airline.”I tend to agree with the board on their choice. Now is the right time to bring in someone with extensive top-level executive experience in the airline industry to continue Delta's re-emergence.
Stay tuned. Anderson takes the reins on September 1.
For more on the new appointment see:
Atlanta Journal Constitution
Reuters
Business Journal
Wall Street Journal (subscription req.)
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