United Airlines CFO Andrew Levy stepping down – Transportation News

on May17

17 May 2018 | 7:44 pm

Andrew Levy, United Airlines’ chief financial officer, has left the company.

Levy, 48, joined the company in 2016 amid an overhaul of the management team at the airline that ultimately included bringing in Scott Kirby from American Airlines as president.

Levy was previously president and CFO at Allegiant, a smaller airline. United shares were down 14 cents in after-hours trading to $69.35.

It’s not clear what Levy will do next, but in in a note to colleagues, he wrote, “I plan to return to the more entrepreneurial pursuits that have defined my career. That is my true passion, and I am energized about what the future holds. My decision to resign was reached after a great deal of thought during the past few months. I have some interesting opportunities and now is the right time for me to move forward.”

United’s treasurer, Gerry Laderman, 60, will serve as interim CFO. Laderman, one of the few former Continental Airlines executives still at United, was acting CFO for a year before Levy was hired.

It’s United’s second CFO departure in three years. Levy’s predecessor, Continental veteran John Rainey, was hired at Paypal in 2015 after three years. Rainey replaced fellow Continental executive Zane Rowe, who was hired by Apple as vice president of North American sales. He later went to Dell as CFO and now is CFO of VMware, which is part of Dell.

Julie Stewart, chief of staff to Oscar Munoz, has left for Delta Air Lines, which was reported yesterday by Chicago Business Journal. She came to United two years ago as head of investor relations from Credit Suisse in Atlanta.


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