Delta Air Lines CEO Richard Anderson to Retire
February 03 2016 - 5:30PM
Dow Jones News
Richard Anderson, the skilled and pugnacious chief executive who
propelled Delta Air Lines Inc. to financial and operational
dominance in the nine years he has been its leader, is retiring in
May and will become executive chairman of the board.
He will be succeeded as CEO by Ed Bastian, Delta's longtime
president, the company said Wednesday.
Mr. Anderson, 60 years old, has displayed a golden touch at
Atlanta-based Delta, the nation's No. 2 airline by traffic. He
arrived just as Delta was emerging from bankruptcy-court
protection, merged it with Northwest Airlines a year later and
built the combined company into a highly profitable machine with
the highest market cap -- $34 billion – of any U.S. carrier.
Under his tutelage, Delta stitched together a global route
network by taking stakes in foreign carriers, purchased an oil
refinery, and wooed customers with its sunny, nonunion airport
agents and flight attendants and its unprecedented operational
reliability. Last year, the company had 161 days in which it didn't
cancel any flights at all.
Delta said Mr. Bastian will be succeeded as president by Glen
Hauenstein, the executive vice president and chief revenue officer.
Daniel Carp, currently Delta's nonexecutive chairman, said
Wednesday that this succession plan has been several years in the
making.
(END) Dow Jones Newswires
February 03, 2016 17:15 ET (22:15 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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