Two key treasury executives, Amelia Anderson and Jim Hall, have taken up American Airlines’ voluntary severance packages as the carrier continues to adjust its organisational structure following its merger with US Airways.
In a letter to employees, dated 19 June and obtained by Airfinance Journal, American Airlines chairman and chief executive officer Doug Parker and president Robert Isom outline the need for “creating the right organisational structure for the future” that will involve a “restructuring that will happen at the director and above level”.
Parker and Isom indicate that American's current organisational structure “resulted largely from integration work” that followed the merger, and the carrier "has more director and above leaders than required for the long term”.
Anderson joined US Airways in 2009 and was appointed managing director and assistant treasurer of American in January 2014.
In addition to her work at American, Anderson is known for her work as the co-founder of Advancing Women in Aviation Roundtable (AWAR), a grassroots initiative working with senior executives to build awareness and develop strategies to promote the development and advancement of women leaders.
Anderson also serves as co-chair of American Airlines’ Women’s Leadership programme, and she is actively involved in American Airlines’ MBA recruiting process. She was also chosen as Airfinance Journal’s Aviation Woman of the Year, based on a public nomination process, in 2017.
Hall, director of corporate finance and treasury, has held positions in both treasury and financial planning and analysis. He joined American in 2006 and has been in the treasury department since 2010.
“Amelia and Jim have been instrumental in financing the company’s historic re-fleeting program, with over 500 new aircraft delivered since 2014. They successfully completed innovative and efficient financings that brought an impressive display of honours awarded to our treasury team by our aviation finance colleagues,” American's treasurer and vice-president, Tom Weir, says in a separate letter.
Anderson and Hall will remain with American “while the company ensures a smooth transition” but no further details were provided in the letter.
“While not all integration work is complete, much of it is and as a result, now is the right time to look at the organisational structure we need for the future. This will require all of us to challenge the way we have always done things and think creatively and broadly about American’s very bright future,” conclude Parker and Isom.
American has not yet announced replacements for Anderson and Hall.