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United Airlines CFO Laderman to retire in 2024

Reuters
Updated ·1 min read
FILE PHOTO: FILE PHOTO: A United Airlines 787 taxis as a United Airlines 767 lands at San Francisco International Airport, San Francisco

(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.

Prior to becoming CFO, Laderman served as senior vice president of finance, procurement, and Treasurer at United.

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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)