American Airlines Executives Resign

Just one short week after the announcement of the American Airlines bankruptcy filing, three top executives have resigned.  These resignations follow the sudden retirement of the previous CEO, Gerald Arpey. Arpey, who was not in agreement with the decision to file for bankruptcy, was replaced by American’s president, Thomas Horton.  Having now lost four of its top executives, the airline will face even more challenges as it works to restructure its leadership along with its debts.

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The vice president in charge of operations, planning and airport services, Bob Reding, will retire effective December 31st and will leave an open position behind. Vice president of employee relations, Mark Burdette also plans to retire at the end of this month, but will be replaced by Denise Lynn, who is currently serving as vice president of flight service. Maya Liebman will continue in the role of president of the frequent flyer program and also assume the responsibilities of chief information officer, Monte Ford, who is also set to resign by the month’s end.

One of the most significant changes will be naming the airlines current treasurer, Beverly Goulet, as the chief restructuring office.  She will be responsible for the development and implementation of American’s Chapter 11 plan in the bankruptcy process. In a statement released earlier this week, all of American’s newly appointed executives are hopeful that they can bond together to form a leadership worthy of resolving the company’s financial troubles.