Who Might Replace United CEO Oscar Munoz?

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By Douglas A. McIntyre Published
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With United Continental Holdings Inc. (NYSE: UAL) CEO Oscar Munoz sidelined with a heart attack, and the company’s board facing the prospect he may be out of work for some time, it will need to quickly decide who will replace him, at least temporarily.

There are several inside candidates and one or two from the board of directors.

The most likely:

  1. Gregory (Greg) Hart, the executive vice president and chief operations officer of United. According to the company, “In this role, Greg is responsible for all airport operations, technical operations, inflight operations, flight operations and network operations, as well as cargo, safety and United Express.”
  2. James (Jim) Compton, vice chairman and chief revenue officer. According to the company, he is responsible for overseeing the company’s sales, alliances, network pricing and revenue management, and network planning.
  3. Gerald (Gerry) Laderman, senior vice president finance and acting chief financial officer. According to the carrier, he is responsible for United’s overall financial strategy, including cost management, capital allocation and balance sheet optimization.

While all three have extensive industry experience, Laderman is the least likely to get the job, because from the outside it does not appear that United Continental’s problems are financial ones.

The board has at least two logical candidates, one of whom is CEO of a large public company:

  1. William R. Nuti, the chairman, chief executive officer and president of NCR
  2. Carolyn Corvi, retired vice president and general manager of Airplane Programs at Boeing

Nuti may be reluctant to leave a job at another major company. And Corvi may have been too junior in her position at Boeing.

If there are no candidates from inside, United Continental will need to go outside, most likely to another large airline, if possible. But what executive would leave a secure job at another carrier — unless Munoz is too ill to return and a replacement would be permanent. It is too early to tell. Apparently even the board may not know the extent of Munoz’s physical problems.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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