Bloomberg News

AMR’s American Says Two More Executives to Leave in Bankruptcy

February 15, 2012

Feb. 15 (Bloomberg) -- AMR Corp.’s American Airlines said two executives will leave in the second round of management restructuring since the company filed for bankruptcy protection.

Peter Dolara will retire as senior vice president for Mexico, Caribbean and Latin America and Thomas Del Valle as senior vice president for airport services and cargo by June 30, the carrier said today in a statement. Three other executives retired at the end of 2011.

American, the third-biggest U.S. airline, is seeking to cut 13,000 union jobs and pare operating costs by $2 billion as part of its bankruptcy reorganization. Tom Horton, who became chief executive officer the day of AMR’s Nov. 29 Chapter 11 filing, is reducing management ranks as part of the changes.

“We must seize every opportunity to streamline and enable fast, effective decision making,” Horton said in an e-mail to employees today. “This is an essential part of positioning the new American to win.”

Craig Kreeger, senior vice president-customer, will add responsibility for airports, including international operations, to his duties, Fort Worth, Texas-based AMR said. Chief Commercial Officer Virasb Vahidi will also oversee all international sales and marketing, and Art Torno will become vice president for Mexico, Caribbean and Latin America after serving as vice president for New York.

The organizational changes are part of American’s strategy to focus on improving the customer experience, Horton said. Dolara has worked for American since 1971 and Del Valle since 1989.

--Editors: Niamh Ring, Ed Dufner

To contact the reporter on this story: Mary Schlangenstein in Dallas at maryc.s@bloomberg.net

To contact the editor responsible for this story: Ed Dufner at edufner@bloomberg.net


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