💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

United Airlines names general counsel as acting CEO

Published 10/19/2015, 08:45 PM
© Reuters. United Airlines planes are seen on platform at the Newark Liberty International Airport in New Jersey
UAL
-

By Jeffrey Dastin

(Reuters) - United Continental Holdings Inc (N:UAL) said late Monday that its general counsel Brett Hart would take over as acting chief executive officer while CEO Oscar Munoz goes on medical leave, following a heart attack he suffered last week.

United, the second-largest U.S. airline by capacity, said the change was effective immediately. It said it is too soon to know the course of treatment Munoz will take or the timing of his recovery.

In a news release, Hart vowed to continue an agenda Munoz has set to improve customer service, employee teamwork and innovation. Munoz, 56, assumed the top job at United last month and met with workers and air travelers across the United States for input on how to improve the airline.

Hart, who joined United in 2010, was responsible for government and regulatory affairs, corporate real estate, security and customer experience in his prior role of executive vice president and general counsel, United said.

The news marks the second leadership transition at United in the past two months. Munoz became CEO in September after Jeff Smisek resigned from the job in relation to internal and federal probes into United's relationship with the Port Authority of New York and New Jersey.

© Reuters. United Airlines planes are seen on platform at the Newark Liberty International Airport in New Jersey

The news also marks the first acknowledgement by the company that Munoz suffered a heart attack on Thursday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.