American chief Parker takes chairman role as Horton departs

Washington DC
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American Airlines chief executive Doug Parker added chairman to his duties today, following the departure of former chairman and chief executive Tom Horton.

Horton and Parker brokered the merger of American and US Airways that closed in December 2013, resulting in Horton taking the non-executive chairman role until the first shareholders meeting, which was held in New York today.

“On behalf of the board and particularly myself, I want to thank Tom for his leadership and graciousness in getting us through this transition period,” says Parker at the meeting.

Horton took the helm of Fort Worth, Texas-based American the day before it entered Chapter 11 bankruptcy protection on 29 November 2011 and oversaw the airline’s restructuring.

He first joined American in 1985 and held a variety of positions at the airline during his tenure, including chief financial officer.

Horton was not present at the shareholders meeting.