United Airlines (NASDAQ: UAL) has announced that Oscar Munoz, Chief Executive Officer, will transition to the role of Executive Chairman of the Board of Directors of United Airlines Holdings, Inc. effective May 202, the company said.
As CEO, Munoz has transformed United´s culture and set new standards of operational and financial performance. J. Scott Kirby, UA president, will succeed Munoz as Chief Executive Officer.
Kirby was recruited to United Airlines by Munoz in August 2016, after a three-decade career in the commercial airline business.
Munoz will serve as Executive Chairman for a one-year term and will continue to work closely with Kirby, the board and the United team in shaping United´s employee and customer-centric culture. He will also lead the company´s Board and continue to engage on behalf of United with a range of external stakeholders.
As part of this transition, United´s current Chairman, Jane Garvey, will retire from the Board in May 2020 after more than a decade of exceptional service, including serving as Chairman since May 2018. At the request of the Board, Garvey agreed to remain in her role for a year beyond the Board´s mandatory retirement age.
The company also announced that Ted Philip will become Lead Independent Director. Philip joined the Board in July 2016 and chairs the Nominating/Governance Committee. He also currently serves on the Board of Directors of Hasbro, Inc. and BRP Inc.
All of the changes announced today will take effect following the company´s Annual Meeting of Shareholders, scheduled for May 20, 2020.