American's CFO, Beer Departs
NEW YORK, NY, February 14, 2006. James Beer, chief financial officer of the parent company of American Airlines, will leave the company to take a position with software firm Symantec.
"James has been a great team player, exceptional leader and good friend. He played a key role in the progress we've made under our Turnaround Plan and will be missed," said Gerard Arpey, AMR Chairman and CEO. Beer became AMR's chief financial officer in December 2003 after serving in various leadership roles in his 15-year tenure with American.
Arpey said that the company will begin a search for a successor immediately. Beer will remain with the company as its CFO through the filing of AMR's Annual Report on Form 10-K, including the execution of the CFO's certification of the 10-K.
"While it is always disappointing to unexpectedly lose an executive of James' exceptional capabilities and leadership, American continues to have one of the strongest management teams in the industry, including a very strong finance department. Given that, we expect a smooth transition."
"We wish James every success in his new position," said Arpey. "Our focus now will be to select a leader who will help us build on the great progress we've made."
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