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

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 06.22.17

Airborne 06.19.17

Airborne 06.20.17

Airborne 06.21.17

Airborne 06.22.17

Airborne 06.23.17

Airborne-Unmanned 06.20.17

Airborne-YouTube

AMA 06.22.17

Airborne 06.19.17

Airborne 06.20.17

Airborne 06.21.17

Airborne 06.22.17

Airborne 06.23.17

Airborne-Unmanned 06.20.17

XPONENTIAL Innovation Preview -- www.allthingsunmanned.com

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

AMA Drone Report 06.22.17: FAA Reauthorization, Rotor Riot Int'l, DRL on ESPN

Also: Drones at Oshkosh!, Drone Regulatory Effort, AMA Drone Report-Help Wanted, Aero-TV: MultiGP Drone Racing The House of Representatives has published initial language to reauth>[...]

Airborne-Unmanned 06.20.17: UAS Orgs v Bad Regs, Anti-Collision, Drone Race $$

Also: Solar-Powered UAS, NK Drone, UAS Survey, Brian Wynne Interview The team at AUVSI is staying plenty busy as they and 13 other organizations authored a letter to members of Con>[...]

Airborne 06.23.17: Airbus 'Racer', RANS 'Fly To Work', Boater v Floatplane

Also: House ATC Bill, Golda Cox, Boeing Forecast, Concorde Battery, C-130J-SOF, SpiceJet, Flt School Closure Airbus Helicopters has unveiled their ‘Racer’ -- which stan>[...]

Aero-News: Quote of the Day (06.25.17)

“The airline market in Africa has been growing slowly but steadily as the industry is becoming more liberalized and the infrastructure to support the growth is being put in p>[...]

ANN's Daily Aero-Term (06.25.17): Control Sector

Control Sector An airspace area of defined horizontal and vertical dimensions for which a controller or group of controllers has air traffic control responsibility, normally within>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC