Glenn Tilton

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Glenn Fletcher Tilton (born April 1948, in

JP Morgan Chase (NYSE:JPM), from June 6, 2011, until his retirement in June, 2014.[1]

United States Senate Committee on Commerce, Science and Transportation
in June 2010

Tilton is a former Chairman of the

Air Transport Association
, the industry trade organization representing U.S. airlines.

Early life

Tilton grew up in Latin America, and attended high school in

C.I.A.
but months before his start date, Tilton began a career in the private sector working for Texaco in 1970, servicing gas stations throughout Washington, D.C.

Career

Tilton attained positions of increasing responsibility over the next three decades, and in early 2001 Tilton was briefly named chairman and chief executive officer before Chevron and Texaco merged to form

ChevronTexaco Corporation
. He was named vice chairman of the newly merged company in late 2001 and a few months later he was also named interim chairman of Dynegy, in which ChevronTexaco held a significant stake.

In September 2002, Tilton was recruited by the board of directors of the struggling UAL Corporation to be chairman, president, and CEO, replacing John W. Creighton Jr. as chairman and CEO, and Rono Dutta as president. The board believed that an airline outsider with bankruptcy experience such as Tilton could turnaround the struggling carrier. UAL Corporation and its subsidiaries filed for bankruptcy in December 2002, three months into Tilton's tenure.

What would follow would be one of the largest, longest, and most complex bankruptcy cases in American history. UAL Corporation operated in bankruptcy until February 2, 2006.[2]

Tilton is controversial for his stance as a major advocate for consolidation in the airline industry. Tilton has stated he believes it is the only way to end commercial aviation's cycles of booms and busts. Since 2006, Tilton had been searching for a merger partner for United Airlines. In May 2010, Tilton inked a deal to merge UAL Corporation with Continental Airlines, Inc. to form United Continental Holdings, Inc. of which Tilton was the first chairman of the board. As agreed prior to the merger of United and Continental, Tilton was replaced by CEO Jeff Smisek as chairman on December 31, 2012.[3]

Tilton serves on the board of directors of Abbott Laboratories and a member of the U.S. Travel & Tourism Advisory Board. Tilton also serves on the board of trustees for the Field Museum and the Museum of Science and Industry, and the board for the Economic Club of Chicago, the Executives' Club of Chicago, and After School Matters, as well as on the civic committee of the Commercial Club of Chicago and the International Relations Advisory Council of Chicago 2016.

Family

Tilton and his wife, Jackie, have two children.[citation needed]

Awards

Glenn F. Tilton was inducted as a laureate of The Lincoln Academy of Illinois and awarded the Order of Lincoln (the state's highest honor) by the Governor of Illinois in 2014 in the area of business and industry.[4]

References

  1. ^ Glenn Tilton Heads for that Exit, Crain's Chicago Business, June 10, 2014, Retrieved May 28, 2018
  2. ^ a b The Oil Man in the Jump Seat: How Glenn Tilton is Struggling to Stop United Airlines Crashing, The Economist, September 30, 2004, Retrieved May 28, 2018.
  3. ^ "United Continental names CEO Smisek as chairman".
  4. ^ "Laureates by Year - The Lincoln Academy of Illinois". The Lincoln Academy of Illinois. Retrieved 2016-03-04.

External links

Business positions
Preceded by CEO of UAL Corporation
September 2002 – October 2010 		Succeeded by
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