Delta Air Lines CEO Richard Anderson is retiring, the company announced on Wednesday.
CEO Richard H. Anderson has chosen to retire effective May 2, 2016, when he will be elevated to executive chairman of the Delta Air Lines Board of Directors.
Ed Bastian, Delta’s president, will be appointed CEO on May 2, while Glen Hauenstein, executive vice president of Delta, will be appointed president.
“Richard has been an outstanding leader and CEO. His unique combination of strategic and operating skills, plus his commitment to employees, corporate culture, customers and shareholders has redefined Delta and led to an entirely new and better way of flying around the world,” said Dan Carp, chairman of the board. “Under Richard’s leadership, Delta has become the most profitable and best run airline that consistently delivers excellent customer service. The entire Board of Directors extends a hearty thanks for his service, his leadership and his thoughtful succession planning process. This succession plan has been several years in the making and will keep Delta on top of the global industry,”
The company has also appointed Steve Sear, as president, international and execuive vice president of global sales; he will lead the Atlantic, Asia Pacific and Latin America organizations in addition to global sales.
— CJ Staff