Advertisement
Canada markets closed

  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CAD/USD

    0.7322
    -0.0001 (-0.01%)
     

  • CRUDE OIL

    83.86
    +0.29 (+0.35%)
     

  • Bitcoin CAD

    87,823.81
    -344.88 (-0.39%)
     

  • CMC Crypto 200

    1,385.35
    +2.78 (+0.20%)
     

  • GOLD FUTURES

    2,342.10
    -0.40 (-0.02%)
     

  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • NASDAQ futures

    17,755.50
    +188.00 (+1.07%)
     

  • VOLATILITY

    15.37
    -0.60 (-3.76%)
     

  • FTSE

    8,078.86
    +38.48 (+0.48%)
     

  • NIKKEI 225

    37,582.48
    -46.00 (-0.12%)
     

  • CAD/EUR

    0.6822
    +0.0001 (+0.01%)
     

UPDATE 1-United Airlines CFO Laderman to retire in 2024

Reuters
·1 min read

(Adds details from the announcement in paragraphs 2 to 5, share movement in last paragraph)

May 31 (Reuters) - United Airlines Holdings Inc 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.

ADVERTISEMENT

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, after the carrier raised its second-quarter profit outlook on lower fuel costs.

(Reporting by Aishwarya Nair in Bengaluru; Editing by Rashmi Aich)