American Airlines announced to change its CEO after 20 years of work
The Press Office of the largest U.S. air carrier American Airlines reported the resignation of Doug Parker, the company's CEO. The former CEO said the management change had been planned much earlier, but it had to be postponed due to the COVID-19 pandemic.
Doug Parker will take over as chairman of the board on December 7, and his position will go to the current president, Robert Isom. "I have worked with Robert for two decades, and I am incredibly pleased that he will be the next CEO of American Airlines, which is truly the best job in our industry," Parker said. "Robert is a collaborative leader with deep operational expertise and global industry experience. His efforts to guide and support our team throughout the pandemic have been nothing short of phenomenal. We are well-positioned to take full advantage of our industry's recovery, and now is the right time for a handoff we have planned and prepared for. I feel extremely fortunate to hand the reins to this clear and capable leader."
Just to remind you, Doug Parker became head of the company in 2001, a few days before the terrorist attacks on the World Trade Center towers on September 11. It took him a lot of hard work to restore the value of the airline's stock. Later, he successfully managed to overcome the economic crisis of 2008 and 2020.