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Watch out! UAL's CFO is Bailing...

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On Your Six

Well-known member
Joined
Mar 8, 2004
Posts
4,507
It's never good news when the CFO is bailing... Although you have to admit that he has had a pretty stressful job over the last 7 years - I'd bail out too!


CHICAGO, Aug 15 (Reuters) - UAL Corp (UAUA.O: Quote, Profile, Research, Stock Buzz), parent of United Airlines, said on Friday that it had promoted Kathryn Mikells to chief financial officer, succeeding Jake Brace, who is set to retire on Nov. 1.

Mikells, currently UAL's vice president of investor relations, joined the airline in 1994 as a financial analyst. Brace, who began working at UAL in 1988, will retain an advisory role at the company.
Mikells' previous positions at UAL include vice president of financial planning and analysis as well as vice president and treasurer.
Prior to joining UAL, Mikells worked in the financial services sector at GE Capital's Corporate Finance Group, Household International and Canadian Imperial Bank.

Brace became CFO in 2001 and held the additional title of chief restructuring officer. In that capacity, he led the company through its Chapter 11 restructuring from 2002 to 2006. (Reporting by Kyle Peterson; Editing by Gerald E. McCormick and Lisa Von Ahn)
 
He's probably another exec that didn't agree with tilton and was "reasigned", just like mcdonald, donahue.
 
UAL livery sucks. I miss the old orange and blue logos.

Can we have them "retro'ed" back. The current paint has a very depressive feel.
 
<H1>Officers & Directors Detail



.quoteBox div div.value {font-size:16px;}UAL Corp (Consolidated Issue Listed on NASDAQ Global Select Market)

Sector: Industrials . Industry: Airlines · View UAUA on other exchanges
As of 2:14pm EDT
13.85USD

Price Change
+1.17

Percent Change
+9.27%

Analyst Recommendations
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Brace, Frederic
Brief Biography
Mr. Brace has been Executive Vice President and Chief Financial Officer of UAL and United since August 2002. From September 2001 to August 2002, Mr. Brace served as UAL and United's Senior Vice President and Chief Financial Officer.


Basic Compensation


Total Annual Compensation, USD
566,082

Long-Term Incentive Plans, USD
---

All Other, USD
2,047,214

Fiscal Year Total, USD
4,882,317

Options Compensation

exercisable 255,750 market value
unexercisable 18,750 market value






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