American Airlines Names Howard Ungerleider to its Board of Directors
Rhea-AI Summary
American Airlines Group Inc. (NASDAQ: AAL) has elected Howard Ungerleider to its board of directors. Ungerleider, 55, will serve on the Audit Committee and Compensation Committee. He brings extensive experience from his 30-year career at Dow, where he most recently served as president and CFO. Ungerleider's background includes key commercial, financial, and operational roles in a complex, multinational organization.
Currently an operating advisor to Clayton, Dubilier & Rice, Ungerleider retired from Dow in January 2024. His career at Dow included leadership positions across various divisions and geographies. He also served as CFO of DowDuPont from 2017 to 2019. Ungerleider holds a bachelor's degree from the University of Texas at Austin and an MBA from UCLA.
Positive
- Addition of a highly experienced executive to the board of directors
- Ungerleider's financial expertise and global business experience
- Strengthening of the Audit and Compensation Committees
Negative
- None.
FORT WORTH, Texas, July 31, 2024 (GLOBE NEWSWIRE) -- American Airlines Group Inc. (NASDAQ: AAL) today announced the election of Howard Ungerleider, 55, to its board of directors. Ungerleider will serve on the board’s Audit Committee and Compensation Committee.
“We are very pleased to welcome Howard to American’s board of directors,” said American’s Chairman Greg Smith. “Howard is an accomplished executive who has held key commercial, financial and operational roles over three decades at Dow. His financial expertise and global business and leadership experience will make him a valuable member of our board.”
“Howard is a fantastic addition to the American Airlines board,” said American’s CEO Robert Isom. “His business acumen and extensive experience leading a complex, multinational organization will be important assets to American and our board.”
Ungerleider is currently an operating advisor to Clayton, Dubilier & Rice. Previously, he served as president and CFO of Dow Inc., where he was a member of Dow’s senior executive committee, which set the strategic direction, established corporate policy, and managed governance and enterprise-level decisions for the business. He retired from Dow in January 2024 after more than 30 years with the company.
Ungerleider joined the Dow Chemical Company in 1990 and over the course of his career held a variety of senior leadership roles across several divisions and geographies. This includes serving as executive vice president of Dow's Advanced Materials Division, president of its Performance Plastics Division, vice president of Investor Relations and North American commercial vice president for Basic Plastics. He was named CFO in 2014, vice chairman in 2015 and president in 2018. From 2017 to 2019, he served as CFO of DowDuPont, an
Ungerleider sits on the board of Kyndryl Holdings, Inc. He holds a bachelor’s degree from the University of Texas at Austin and an MBA from the University of California, Los Angeles.
About American Airlines Group
To Care for People on Life’s Journey®. Shares of American Airlines Group Inc. trade on Nasdaq under the ticker symbol AAL and the company’s stock is included in the S&P 500. Learn more about what’s happening at American by visiting news.aa.com and connect with American @AmericanAir and at Facebook.com/AmericanAirlines.
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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/892a91e6-fe01-4ea8-8d60-ae4d706272fb
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