United Airlines CFO Laderman to retire in 2024
8:46 am Wednesday, May 31st, 2023
(Reuters) -United Airlines Holdings Inc said on Wednesday its Chief Financial Officer Gerry Laderman had announced plans to retire in 2024.
The Chicago-based carrier plans to appoint a new CFO later this year.
Laderman is expected to retire in September 2024 after being appointed to the role in 2018, the airline said in a regulatory filing.
Laderman, a 35-year United veteran, played a pivotal role in steering the airline through the 2020 pandemic and lead the team that arranged $2 billion and $6 billion in financing.
Prior to becoming CFO, Laderman served as senior vice president of finance, procurement, and Treasurer at United.
Shares of the airline rose 2.1% before the bell, tracking a 2.4% jump in American Airlines’ stock, after the carrier raised its second-quarter profit outlook on lower fuel costs.
(Reporting by Aishwarya Nair in Bengaluru; Editing by Rashmi Aich)
