In the latest development, United Continental Holdings (UAL) announced that it has initiated a search to replace its finance chief Andrew Levy, who has decided to leave the company. For the second time, the company has named its treasurer Gerry Laderman as the acting CFO.
“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,” said CEO Oscar Munoz. It is still not clear where Levy is going to.
United Airlines appointed Andrew Levy as executive vice president and CFO on August 18, 2016. Levy came to United after over 13 years of leadership at Allegiant Travel Company (ALGT).
Meanwhile, Laderman has held legal and financial positions of increasing responsibility at the company for nearly 30 years. He will continue to execute United’s overall financial strategy, including cost management, capital allocation and balance sheet optimization.
Most Popular
MU Earnings: Micron’s Q4 profit declines but beats estimates
Micron Technology Inc. (NASDAQ: MU) Thursday said its fourth-quarter profit declined from last year, hurt by a sharp fall in revenues. Earnings, however, beat the market’s projection. On an adjusted
What are Philip Morris’ (PM) anticipations for the near term?
Shares of Philip Morris International Inc. (NYSE: PM) were down 1% on Thursday. The stock has dropped over 9% year-to-date. Although the tobacco industry has felt the pinch of inflation,
Key highlights from CarMax (KMX) Q2 2023 earnings results
CarMax, Inc. (NYSE:KMX) reported second quarter 2023 earnings results today. Net revenues rose 2% year-over-year to $8.1 billion. Net earnings were $125.9 million, or $0.79 per share, compared to $285.2 million,
