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United Airlines has a new Chief Financial Officer

United Airlines has a new Chief Financial Officer

United Airlines (UAL) today announced Gerry Laderman, a 30-year United veteran, has been named executive vice president and chief financial officer. UAL conducted an internal and external search to fill the role; Laderman had been serving as acting chief financial officer since May.

Previously, Laderman served as senior vice president of finance, procurement and treasurer and as a member of the senior executive leadership team. He has held financial positions of increasing responsibility and will be responsible for developing United’s overall financial strategy, including cost management, capital allocation and balance sheet optimization.

“Gerry has been an integral member of our leadership team throughout my tenure at United. While leading the finance organization, he has focused on enforcing cost discipline and developing a fleet plan that is capital-efficient and flexible, all while partnering with the executive team to design and implement our growth strategy,” said CEO Oscar Munoz. “Gerry is widely respected throughout the industry and on Wall Street for his innovative approach to aircraft financing and debt structures, as well as his effective management of the balance sheet. He is the leader that we need in this role to ensure the momentum we’ve built this year extends well into United’s bright future.”

Laderman previously served as senior vice president of finance and treasurer for Continental Airlines from 2001 to 2010 and joined Continental in 1988. Prior to joining Continental, Laderman practiced law at the New York firm of Hughes Hubbard & Reed. Laderman holds a bachelor’s degree from Dartmouth College, and a law degree from the University of Michigan.

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Juergen Thomas Steinmetz has continuously worked in the travel and tourism industry since he was a teenager in Germany (1979), beginning as a travel agent up through today as a publisher of eTurboNews (eTN), one of the world’s most influential and most-read travel and tourism publications. He is also Chairman of ICTP. His experiences include working and collaborating with various national tourism offices and non-governmental organizations, as well as private and non-profit organizations, and in planning, implementing, and quality control of a range of travel and tourism-related activities and programs, including tourism policies and legislation. His major strengths include a vast knowledge of travel and tourism from the point of view of a successful private enterprise owner, superb networking skills, strong leadership, excellent communication skills, strong team player, attention to detail, dutiful respect for compliance in all regulated environments, and advisory skills in both political and non-political arenas with respect to tourism programs, policies, and legislation. He has a thorough knowledge of current industry practices and trends and is a computer and Internet junkie.