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Posted 23 February, 2023

American Airlines Group Inc. appointed new CEO

CEO Change detected for ticker Nasdaq:AAL in a 8-K filed on 23 February, 2023.


  On February 23, 2023, American Airlines Group Inc. ("AAG") announced that, effective April 30, 2023, Gregory D. Smith, who has served as an independent member of AAG's Board of Directors (the "Board") since January 2022, will assume the role of Chairman of the Board. W. Douglas Parker, AAG's former Chief Executive Officer and current Chairman of the Board, will retire from the Board in connection with the transition.  

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Overview of American Airlines Group Inc.
Transportation/Logistics • Passenger Airlines
American Airlines Group, Inc. is a holding company, which engages in the operation of a network carrier through its principal wholly-owned mainline operating subsidiary, American. The firm offers air transportation for passengers and cargo. It operates through the following geographical segments: Department of Transportation Domestic, Department of Transportation Latin America, Department of Transportation Atlantic, and Department of Transportation Pacific. The company was founded on December 9, 2013 and is headquartered in Fort Worth, TX.
Market Cap
$9.70B
View Company Details
Relevant filing section
ITEM 5.02. 
DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.


On February 23, 2023, American Airlines Group Inc. ("AAG") announced that, effective April 30, 2023, Gregory D. Smith, who has served as an independent member of AAG's Board of Directors (the "Board") since January 2022, will assume the role of Chairman of the Board. W. Douglas Parker, AAG's former Chief Executive Officer and current Chairman of the Board, will retire from the Board in connection with the transition. Mr. Parker has served on the Board since 2013.

Additionally, on February 23, 2023, AAG announced that Ray M. Robinson and James F. Albaugh will retire from the Board at the end of the current term, which coincides with AAG's upcoming annual meeting of stockholders. Messrs. Robinson and Albaugh have served on the Board since 2005 and 2013, respectively.

In connection with the foregoing retirements, AAG intends to adjust the authorized number of directors so that it comports with the number of directors then serving in accordance with its bylaws.