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UAL eyes two for CEO
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March 12, 1999: 8:26 a.m. ET
Board reportedly set to choose between United Airlines, GM execs
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NEW YORK (CNNfn) - UAL Corp. has cut its list of candidates to succeed Chairman and CEO Gerald Greenwald to two people -- a popular veteran at its United Airlines unit and a General Motors executive, according to published reports.
The search for a successor to Greenwald, whose five-year contract expires in July, has been narrowed to James Goodwin, who became president of UAL last fall after Greenwald's heir apparent quit, and Louis Hughes, GM's executive vice president for business strategies, whose old job was eliminated in a reshuffling late last year, the reports said.
A decision by the board of UAL (UAL), whose United is the nation's biggest airline, is expected by month's end, the Wall Street Journal reported, quoting people familiar with the search. The executives' names were first reported on the Business Week Web site.
Goodwin, 54, a West Virginia native who joined United in 1967, is well-liked by employees and could have the best shot at the job since the carrier's pilots and machinists own 45 percent of United and their unions have two seats on the board, the newspaper said.
Hughes, 50, has spent his career at GM (GM), the world's largest automaker. Greenwald, 63, a former top Chrysler and Ford Motor executive, was selected to run United by the Air Line Pilots Association and Machinists Union after their employee-led buyout of UAL in 1994.
Former UAL President John Edwardson, 49, who had been Greenwald's apparent successor, left in September after the two union members on UAL's board made clear they opposed him becoming chief executive, the report said.
UAL stock closed down ½ to 65 on the Big Board Thursday.
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United Airlines
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