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Tags: Financial Markets | Infrastructure | Money | American Airlines | executive shakeup

American Airlines Names Insider Isom as CEO; Parker to Retire in March

Robert Isom
American Airlines President Robert Isom speaks at a news conference about the company's new partnership with Alaska Airlines, Thursday, Feb. 13, 2020, in Seattle. American Airlines CEO Doug Parker will retire next March and be replaced by the airline's current president, Robert Isom. American said Tuesday, Dec. 7, 2021, that Parker will remain chairman. (AP)

Tuesday, 07 December 2021 07:40 AM

American Airlines Group Inc. Chief Executive Officer Doug Parker will hand over reins of the No. 1 U.S. airline to president Robert Isom on March 31, the company said on Tuesday, sending its shares up 3% before the bell.

Parker will continue as chairman and Isom will join the carrier's board after he takes over as CEO.

Parker was named chairman and CEO of the Texas-based airline in 2013. The leadership change comes as the airline industry recovers from the lows hit during the pandemic but faces operational challenges due to the threat from Omicron variant.

"I have worked with Robert for two decades and I am incredibly pleased that he will be the next CEO of American Airlines," Parker said in a statement.

Isom, a longtime airline industry executive, took over as president of American Airlines in 2016 and has overseen the company's operations, planning, marketing and pricing.

© 2022 Thomson/Reuters. All rights reserved.


StreetTalk
American Airlines Group Inc Chief Executive Officer Doug Parker will hand over reins of the No. 1 U.S. airline to president Robert Isom on March 31, the company said on Tuesday, sending its shares up 3% before the bell.
American Airlines, executive shakeup
149
2021-40-07
Tuesday, 07 December 2021 07:40 AM
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