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US Airways Taps New CEO, Wolf to Retire
Wed Mar 6, 5:05 PM ET
By Patrick Markey
NEW YORK (Reuters) - US Airways Group named David Siegel, a Continental Airlines veteran, as its new chief executive on Wednesday, three months after his predecessor left the airline amid growing financial losses.
US Airways Chairman Stephen Wolf will also retire, handing Siegel control of the airline's operations while remaining chairman of the board in a nonexecutive capacity.
Siegel, previously chairman and CEO of Avis, a unit of Cendant Corp. , joins the ranks of Arlington, Virginia-based US Airways at a critical time.
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