United Airlines CFO Laderman to retire in 2024

Date: May 31, 2023

United Airlines CFO Laderman to retire in 2024

Reuters

May 31, 2023

May 31 (Reuters) - United Airlines Holdings Inc(UAL.O)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 (AAL.O), after the carrier raised its second-quarter profit outlook on lower fuel costs.