- Push-out Score determined
- After around eight years in the position
- Accolades, praise and thanks for Parker
- Robert Isom taking over
- Parker will remain as chairman at American Airlines
- Parker spoke at length and said 150 words
(exechange) — Fort Worth, Texas, December 7, 2021 — Doug Parker, chief executive of American Airlines, leaves his position. As announced by American Airlines Group Inc. in a news release and in a regulatory filing published on Tuesday, December 7, 2021, W.Douglas (Doug) Parker leaves his post as chief executive officer at the airline holding company, after around eight years in the role, effective March 31, 2022.
Doug Parker’s duties as CEO will be taken over by Robert Isom, currently president at American Airlines Group Inc.
“A handoff we have planned and prepared for”
Doug Parker’s departure from the CEO post is explained as follows. Parker said: “We are well-positioned to take full advantage of our industry’s recovery, and now is the right time for a handoff we have planned and prepared for.”
Parker will remain as chairman at American Airlines
“Parker will continue to serve as chairman of American’s board,” American Airlines said.
“Retire”
American Airlines said: “Doug Parker will retire as chief executive officer of American Airlines on March 31, 2022.”
Share price decline since December 2016
The announcement follows a decline in American Airlines Group Inc.’s share price of 61% since December 2016.
In the position of CEO since 2013
Doug Parker became CEO of the Company in 2013.
Doug Parker was named chairman and chief executive officer in 2013.
He oversees American Airlines Group and American Airlines, its principal subsidiary company.
Previously, Doug Parker was chairman and CEO of US Airways.
Before the merger of US Airways and America West Airlines in 2005, Doug Parker was chairman, president and chief executive officer of America West.
He became the CEO at America West just 10 days before Sept. 11, 2001, and led the carrier through the crisis.
Doug Parker’s experience prior to joining America West in 1995 includes four years with Northwest Airlines as vice president, assistant treasurer and vice president of Financial Planning and Analysis.
From 1986 to 1991, he held a number of financial management positions with American.
Doug Parker serves as the chairman of the Airlines for America (A4A) Board of Directors and also sits on the International Air Transport Association (IATA) Board of Governors and oneworld Governing Board.
He is also a member of the Vanderbilt University Board of Trust and the SMU Cox School of Business Executive Board.
Doug Parker earned a Bachelor of Arts degree in economics from Albion College in 1984 and a Master of Business Administration degree from Vanderbilt University in 1986.
He married his wife, Gwen, in 1990, and they have three children: Jackson, Luke and Eliza.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Doug Parker’s move on a scale of 0 to 10.
exechange reached out to American Airlines and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 50.2021 ($).