UAL Corporation (NYSE: UAL) announced today that its board of directors has retained the services of Russell Reynolds Associates to conduct a nationwide search for candidates to serve as United`s next chairman and chief executive officer.
Following the board`s announcement, United Chief Executive Officer Jack Creighton issued this statement: “I was brought in for the short term to stabilize United and improve the relationship between management and employees. We have made some important strides in each of these areas, and I will continue to focus on those priorities as we search for my replacement. In the weeks and months ahead, I will work to help find the best CEO for United. At the same time, I will work with the leadership of our unions to find ways to assure the viability of this great company. We confront huge challenges, and we must secure the cooperation and support of our employees if we are to succeed.”