Horton takes top finance role for AMR

30th Mar 2006

AMR Corporation, the
parent company of American Airlines, has announced the appointment of Thomas
W. Horton as Executive Vice President - Finance and Planning and Chief
Financial Officer.Horton returns to AMR and American from AT&T, where he most recently had
been Vice Chairman and Chief Financial Officer after joining that company from
AMR as CFO in June 2002.  Since then, Horton has played a pivotal role in
strengthening AT&T’s core business and building value for its shareholders.
He was credited with improving AT&T’s cost structure and reducing debt by more
than two-thirds.  He also had responsibility for corporate strategy and
ultimately, the structuring of AT&T’s successful merger with SBC.
  In his new role as AMR’s Executive Vice President - Finance and Planning,
Horton will also be CFO, responsible for all of the Company’s finance
functions, including financial planning, treasury, corporate development,
accounting, tax, investor relations, a business unit that provides investment
services, and purchasing.  In addition, Horton will have overall
responsibility for all planning functions led by Henry C. Joyner, American’s
Senior Vice President - Planning.  These include capacity planning, revenue
management, corporate real estate, international planning, activities related
to American’s membership in the global oneworld alliance, and fleet planning.
  “All of us at AMR are thrilled to welcome Tom Horton back to the
leadership team,” said Gerard Arpey, AMR’s Chairman and CEO.  “Tom is an
executive of extraordinary insight and ability who served our Company with
distinction in many roles, including Chief Financial Officer, before going on
to do great things at AT&T.  His broad knowledge of the challenging airline
industry and keen understanding of the financial markets will be enormous
assets to AMR as we continue the vital work of restoring the Company to
sustained profitability in a global aviation marketplace.”
  With the expected retirement of two key executives in the next few years,
American also announced today several other major appointments to further
strengthen the management team and develop more refined lines of succession in
several critical areas as the airline positions itself to become a stronger
and more vibrant global competitor.  Those planning retirement are Peter J.
Dolara, American’s Senior Vice President - Miami, the Caribbean and Latin
America, who pioneered the airline’s services in those regions and guided
their growth into some of the most successful portions of American’s network;
and William F. Quinn, President of American Beacon Advisors, AMR’s investment
services unit, who founded that enterprise in 1986 and grew the business to a
point where today it manages more than $45 billion in pension assets and
short-term cash assets on behalf of American and outside clients.  Mindful of
these changes, American announced the following:
  Two senior international appointments were made to address the changes
that will result from Dolara’s future retirement and to better position
American globally for long-term competitive success.  Craig S. Kreeger was
named Senior Vice President - International, and C. David Cush was appointed
Senior Vice President - Global Sales.  At present, Kreeger is responsible for
all sales and ground operations activities in Europe and Asia as Vice
President - Europe and Pacific Division, based in London.  Cush currently is
Vice President and General Sales Manager, responsible for leading American’s
domestic sales team and for developing all sales policies worldwide, including
those relating to key distribution systems.  Under the transition that will
take place when Dolara retires, Kreeger will become responsible for all ground
operations in Latin America, Europe and Asia, and Cush will be responsible for
all sales activities worldwide, including those in Latin America, Europe and
  Douglas G. Herring, currently American’s Vice President and Controller,
will become President of American Beacon Advisors, eventually succeeding
Quinn, who will continue as the unit’s chief executive officer and chairman,
and remain on the American Beacon Mutual Fund Board.
  Isabella (Bella) Goren was named Senior Vice President - Customer
Relationship Marketing and Reservations.  In this new role, Goren will
continue to oversee the full range of on-line customer interactions, including
expanding customer relationships through personalized service via the AA.com
Web site, and the operation of American’s reservations centers.  In addition,
Goren will be responsible for the airline’s industry-leading AAdvantage travel
awards program, led by Kurt Stache, President of AAdvantage.
  Brian McMenamy was appointed Vice President and Controller to succeed
Herring.  McMenamy is currently American’s Managing Director - Airline
Profitability and Financial Analysis.
  Dolara and Quinn, the two executives planning retirement, are remaining in
their respective roles so they can work closely with their successors in the
coming years to ensure a smooth and successful transition of leadership in
their important areas of responsibility.
  “The willingness of Peter Dolara and Bill Quinn to remain in their posts
and help with the transition is yet another expression of the complete
dedication and commitment that has distinguished their outstanding careers,”
Arpey said.  “All of us at American are deeply appreciative of their support.
  “The executive moves we are announcing today will strengthen American for
the long-term future and reflect well on the depth of the Company’s management
team,” Arpey said.  “These are times of unprecedented challenge and change in
the airline industry, and the appointments we are announcing today will put
American in an even stronger position to continue the substantial progress
that has already been made under the tenets of our Turnaround Plan.”


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