State of Business Magazine, Fall 2007, Airline Industry, The View from Above
  vol. XIX no. 2

Fall 2007 contents
Dean's Letter
Rajeev Reports
In Brief
To The Point
State of Business 
				    Information








Time of Transition

Page 1 2 3

After Emerging from Bankruptcy, Delta looks to New Chief to “Continue the Fight”

Gerald GrinsteinOn August 21, 2007, after what Gerald Grinstein coined “the world record for the longest goodbye by a CEO in American industrialized history,” the board of directors of Delta Air Lines announced that Delta board member and former CEO of Northwest Airlines Richard H. Anderson had been elected to succeed Grinstein as the company’s new chief executive officer. Anderson’s appointment comes almost a year after Grinstein announced that he would retire his post once the company emerged from bankruptcy protection. According to Daniel A. Carp, chairman of Delta’s board of directors, the decision was made based on Anderson’s “blend of seasoned leadership, strategic skills, international experience, and airline knowledge.” Anderson becomes the eighth CEO in Delta’s 78-year history.

Most recently Anderson served as executive vice president of UnitedHealth Group and president of UnitedHealth’s Commercial Markets Group. Prior to joining UnitedHealth in 2004, he had a 14-year career at Northwest Airlines, where he served as vice president and deputy general counsel; senior vice president of technical operations and airport affairs; executive vice president and chief operating officer; and as chief executive officer from 2001 to 2004. Before Northwest, Anderson worked as in-house counsel for Continental Airlines, where he ultimately served as staff vice president and deputy general counsel.

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