American Airlines has announced that Angie Owens will succeed Mike Carreon as vice president and corporate controller.

She will take up the role on March 1st.

Carreon is set to retire after 24 years with the company once the reporting season concludes.

At that point, Owens will begin overseeing all accounting operations, including external reporting, tax, financial systems and internal controls, as well as the company’s payment processing.

She has served as president and chief executive of American Airlines Federal Credit Union for the past ten years.

Owens is also currently serving as vice president of finance at American during the transition.

“During her tenure at the Credit Union, Angie has taken the institution to another level,” American executive vice president and chief financial officer, Derek Kerr, said.

“She embodies the leadership values we strive for at American, and we are fortunate to have such a fantastic leader who knows our business so thoroughly.”

Owens joined American in 1992, and has since held several roles in corporate accounting, investor relations and internal audit prior to running the Credit Union.

Carreon announced last year that he would retire from American this spring.

He joined America West in 1994 and has served as the airline’s vice president and controller since 1996.

“We are fortunate to have had Mike’s expertise and commitment to his colleagues leading us through some of our most transformative and challenging years,” said Kerr.

“Under Mike’s leadership, his incredible team has put in place the business processes and controls that guide our Accounting department, negotiated innovative credit card processing agreements, established best practices across the organisation and laid the blueprint for much of our infrastructure over the last 20 years.”