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 05.23.16

Airborne 05.24.16

Airborne 05.25.16

Airborne 05.26.16

Airborne 05.27.16

Airborne Hi-Def On YouTube

Airborne 05.23.16

Airborne 05.24.16

Airborne 05.25.16

Airborne 05.26.16

Airborne 05.27.16

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

Aero-News: Quote Of The Day (05.30.16)

"We take great pride in Vietjet selecting the game-changing Geared Turbofan engine to power their aircraft fleet. Customers continuously recognize that this engine represents the p>[...]

Airborne 05.27.16: More MH370 Debris, Airport 4 Sale, Hurricane Hunters

Also: PWC PW307D, Icon Scandal, Memorial Day, IASO, Nat'l Warplane Museum, Gogo Cloud, Orbital ATK, Honor Flight Austin The Australia's Minister for Infrastructure and Transport, D>[...]

National Warplane Museum Establishes Crowdfunding Effort

Campaign Is Titled 'Let's Do A Little More For Les' The National Warplane Museum has kicked off its first ever crowd funding project. While many are aware of crowdfunding and how i>[...]

Delta Flight Intercepted By Greek F-16s

Airliner 'Briefly' Out Of Contact With Air Traffic Controllers On the same day that EgyptAir Flight MS804 disappeared from radar over the Mediterranean Sea, another airliner was in>[...]

Toledo Police Helicopter May Be Grounded

Department Seeks Grants To Help Keep Aircraft Flying The police department in Toledo, OH may be forced to ground its helicopter unless it is able to identify a grant for the $300,0>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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