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New Independent Chairman For American Airlines As Doug Parker Plans To Retire
March 14, 2023
American Airlines Group Inc. has announced that Greg Smith is soon going to replace Doug Parker as the independent chairman of the Airline since the latter will retire from the board on April 30, 2023. The appointment of Smith is part of a long-term succession planning process followed by the board.
The Appointment Of A New Chairman
As per reports, Greg Smith is appointed as the independent chairman of American Airlines and he will take charge from April 30, 2023, since at that time the previous chairman Doug Parker is going to retire from the board.
Parker said, “Our CEO transition has been flawless thanks to the great work of Robert Isom, his team, and our board.” Further, he added “Now is the right time for our chairman transition and we are fortunate to have Greg Smith in place to assume that role. Greg has made outstanding contributions since joining American’s board and his strong knowledge of the aviation industry and his decades of leadership experience will be invaluable going forward.”
Dough Parker was the CEO and current chairman of American Airlines. Under his leadership, the airline company has achieved new heights in the aviation market. He was instrumental in many deals that made American Airlines the largest airline company in the world as per fleet size. The amount of experience, that he has benefited from the company, immensely and established the image of American Airlines as the invincible brand worldwide.
Who Is Greg Smith?
After having a 30+ year’s career at Boeing, Smith joined the board of American Airlines in January 2022. He previously served as Executive Vice President and CFO of Boeing and led Enterprise Operations, Strategy, Shared Services, and Finance of the company. He was involved in managing overall financial activities and had oversight of Boeing’s manufacturing, quality, supply chain, operations and program management teams.
Smith said, “It’s an honor and privilege to serve as a board member and now as chairman of this iconic company.” He further added “Due to the leadership and dedication of Doug, Robert, and the entire American team, we are well-positioned to take the airline to the next level of excellence. The board and I look forward to working with Robert and this great team as we lead American Airlines into the future.”
A Happy Journey Comes To An End
As per reports, the CEO of American Airlines Robert Isom said “The American Airlines team will be forever grateful to Doug for building our airline into what it is today.” He again added “On a personal note, I’m thankful for Doug’s partnership over the past year as I took on the CEO role. I look forward to continuing to work with the board and Greg in his new role as we shape the American Airlines of the future.”
And, Ray Robinson and Jim Albaug will also retire from the American Airlines board at the end of the present term which coincides with the upcoming annual meeting of the company’s stakeholders. Both Robison and Albaug have served as distinguished members of the board since 2005 and 2013, subsequently.
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Conclusion
Since, after a long association with American Airlines Doug Parker is going to retire in April and Greg Smith is appointed as the independent chairman of the company. This succession process is the part of long-term succession policy established by the board of American Airlines. Also, two more board members Ray Robinson and Jim Albaug are also going to retire at the end of the present term.
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