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July 15, 2013

Finance executives also named Monday for new American

Positions at the proposed American Airlines-US Airways continue to be filled as the finance group announced its new executive team.

US Airways chief financial officer Derek Kerr, who will be the CFO at the new American, named seven executives to his finance team, four from US Airways and three from American.

"As is the case with other announcements that have been made or are forthcoming, naming the leadership team is the first step in building the complete structure of the entire finance organization," Kerr said in a note to employees on Monday.

The executives named include:

  • Keith Bush, senior vice president of finance
  • Mike Carreon, vice president, corporate controller
  • John MacLean, vice president of procurement and supply chain
  • Devon May, vice president of financial planning and analysis
  • Brian McMenamy, vice president of finance
  • Peter Warlick, vice president of fleet planning
  • Tom Weir, vice president, treasurer.

Keep reading for the full letter from Kerr.

-Andrea Ahles

Derek Kerr – Finance Leadership Team Announcement

I am pleased to announce the new American Airlines Finance leadership organization. Combining leadership from both organizations, we will have a finance team and organizational structure that will drive financial accountability, support the allocation of resources across the company, and provide consistent communication of our financial position both internally, across the company, and externally with financial constituents.  Additionally, the finance team will be well positioned to lead the organization forward, as we work together to secure the synergies contemplated in connection with the merger.

These changes become effective upon close of the merger.  There are two areas where these changes will affect other organizations within the Company.  The division controller functions will be centralized under the leadership of Brian McMenamy as VP Finance, and all purchasing functions will be centralized under the leadership of John MacLean as VP Procurement and Supply Chain.

As is the case with other announcements that have been made or are forthcoming, naming the leadership team is the first step in building the complete structure of the entire finance organization.  I look forward to working closely with the senior leaders to develop and design the roles for the rest of the organization, with an interest in building a world-class finance organization that will develop finance talent and provide career advancement opportunities for our future leaders.

Keith Bush -- SVP, Finance. Keith will be responsible for the Financial Planning and Analysis group and working with the division finance groups to coordinate overall financial planning functions. Keith will also be responsible for leading the airline’s insurance and risk management group. Keith is currently US Airways SVP, Finance.

Mike Carreon – VP, Corporate Controller. Mike will be responsible for the Company’s accounting operations including payroll, accounts payable and disbursements, revenue accounting, corporate accounting, external financial reporting and tax.  Mike will also be responsible for establishing and maintaining all Company accounting policies and internal controls. Mike is currently US Airways VP, Corporate Controller

John MacLean – VP, Procurement and Supply Chain. John will be responsible for coordinating the centralization of purchasing functions for the combined company within one area as they are today under his leadership. John is currently American Airlines VP, Procurement and Supply Chain. 

Devon May – VP, Financial Planning and Analysis. Devon will be responsible for the airline’s capital and operating budget, long-range financial planning, forecasting systems, flight profitability, and financial analysis functions. Devon will report to Keith Bush. Devon is currently US Airways VP, Financial Planning and Analysis.

Brian McMenamy – VP, Finance. Brian will be responsible for coordinating the centralization of the division controller functions with each division finance group reporting to Brian. Brian is currently American Airlines VP, Finance & Controller.

Peter Warlick – VP, Fleet Planning. Peter will be responsible for coordination of the Company’s fleet plan, fleet analysis, fleet acquisitions, dispositions and retirements, and managing the relationships with the manufacturers and aircraft lessors. Peter is currently American Airlines VP, Treasurer.

Tom Weir – VP, Treasurer. Tom will be responsible for the airline’s treasury activities including aircraft financing, corporate finance, commercial banking, pension investment, and global cash management. Tom is currently US Airways VP, Treasurer.

Other areas that will be aligned with the Finance team will be:

  • ·        Investor Relations
  • ·        Internal Audit 
  • ·        AA Credit Union

Please join me in congratulating the Finance team leaders, who will be direct reports to me unless noted above. They will formally assume their new responsibilities upon merger close and Board confirmation.

Derek

 

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