Report: Delta Picks Former Northwest Airlines CEO As Grinstein Successor | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 06.27.16

Airborne 06.28.16

Airborne 06.29.16

Airborne 06.30.16

Airborne 06.24.16

Airborne Hi-Def On YouTube

Airborne 06.27.16

Airborne 06.28.16

Airborne 06.29.16

Airborne 06.30.16

Airborne 06.24.16

AEA2016 LIVE Aero-TV: 04/27-0830ET, 04/28-1400ET, 04/29-1100ET

Sun 'n Fun 2016 Innovation Preview on Vimeo!

Sun 'n Fun 2016 Innovation Preview on YouTube!

Tue, Aug 21, 2007

Report: Delta Picks Former Northwest Airlines CEO As Grinstein Successor

Richard Anderson Spent 14 Years With NWA, Two As Chief Exec

The question of who will succeed Gerald Grinstein as Chief Executive Officer of Delta Air Lines appears to have an answer. Numerous reports state Richard Anderson, who served as CEO of Northwest Airlines from 2002-2004, will be named as Delta's new CEO Tuesday.

The Atlanta Journal-Constitution reports Anderson, 52, was named to Delta's new board of directors when the carrier emerged from Chapter 11 bankruptcy in April.

Anderson (right), currently executive vice-president at UnitedHealth Group, spent 14 years at Northwest, starting in the airline's legal department. He served as CEO as Northwest spiraled downward towards near-oblivion, in the face of high costs, low-fare competition, and the industry-wide post-9/11 downturn.

As ANN reported, both Northwest and Delta filed for Chapter 11 bankruptcy on the same day in September 2005.

The decision to name Anderson as CEO appears to contradict Grinstein's wish to have his successor picked from within Delta's current management structure, which along with Grinstein saw Delta through the torturous bankruptcy period, as well as its successful thwarting of a hostile takeover bid from US Airways. Ed Bastian, Delta's Chief Financial Officer, and COO Jim Whitehurst were seen as the most likely candidates.

Bastian will reportedly serve as President under Anderson, according to a report by branding consultant Jeremy C. Garlington, who also speculates Whitehurst will resign immediately.

Given Anderson's past history with Northwest, his appointment will likely fuel renewed speculation of a Delta/NWA merger down the line.

"It makes you wonder whether that facilitates discussions or frustrates them," airline consultant Robert Mann told The Wall Street Journal.

FMI: www.delta.com

Advertisement

More News

Airborne 06.29.16: SWA Delays Max, McConnell OKs B29-Doc, AAL Trashes Cameras

Also: Flytenow V Supreme Ct, Electric eSpyder, F-35 Adir, IL AirShow, NJ AvTax, FAI Young Artist, Unregistered Airplane To survive in the airline business it is sometimes necessary>[...]

AD: Saab AB, Saab Aeronautics

AD NUMBER: 2016-13-06 PRODUCT: Certain Saab AB, Saab Aeronautics Model 340A (SAAB/SF340A) and SAAB 340B airplanes.>[...]

AD: Airbus Helicopters

AD NUMBER: 2016-13-07 PRODUCT: Airbus Helicopters Model AS365 N3 helicopters.>[...]

ANN's Daily Aero-Linx (06.30.16)

FAA Airworthiness Certificates Overview An airworthiness certificate is an FAA document which grants authorization to operate an aircraft in flight.>[...]

ANN's Daily Aero-Term (06.30.16): Terminal Area

A general term used to describe airspace in which approach control service or airport traffic control service is provided.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC