Thomas W. Horton (born May 24, 1961) is the Lead Director of General Electric's board of directors.
General Electric Company (GE) is an American multinational conglomerate incorporated in New York City and headquartered in Boston. As of 2018, the company operates through the following segments: aviation, healthcare, power, renewable energy, digital industry, additive manufacturing, venture capital and finance, lighting, and oil and gas. GE has a subsidiary in Bermuda.
He was the Chairman, President, and Chief Executive Officer of AMR Corporation until it merged with US Airways Group to form American Airlines Group, Inc. and was the Chairman of American Airlines Group, Inc. and American Airlines.He also served as Chairman of oneworld, the global airline alliance, until March 2014.
The president is a leader of an organization, company, community, club, trade union, university or other group. The relationship between the president and the chief executive officer varies, depending on the structure of the specific organization. In a similar vein to the chief operating officer, the title of corporate president as a separate position is also loosely defined; the president is usually the legally recognized highest rank of corporate officer, ranking above the various vice presidents, but on its own generally considered subordinate, in practice, to the CEO. The powers of the president vary widely across organizations and such powers come from specific authorization in the bylaws like Robert's Rules of Order.
AMR Corporation was a commercial aviation business and airline holding company based in Fort Worth, Texas, which was the parent company of American Airlines, American Eagle Airlines, AmericanConnection and Executive Airlines. AMR filed for Chapter 11 bankruptcy in November 2011, and merged with US Airways Group on December 9, 2013 to form American Airlines Group, Inc.
US Airways Group Inc. was an airline holding company based in Tempe, Arizona. US Airways Group operated US Airways, along with its subsidiaries PSA Airlines, Inc. and Piedmont Airlines, Inc., which are wholly owned but marketed under the branding of US Airways Express. It merged with America West Holdings Corporation, parent of America West Airlines, in 2005, and the combined company adopted the better-known US Airways name; the two airlines' operating certificates merged in 2007. It also operates additional companies that provide associated services. ACE Aviation Holdings, the Canadian parent of Air Canada retained a roughly 6.1% investment stake in US Airways Group. The route network covered destinations in 47 states, as well as international destinations.
Horton has been credited for reinventing American Airlines and improving the Company's overall performance. As CEO, he led the Company through and out of one of the most successful restructurings ever of that scale, culminating in a merger with US Airways, that was approved by the Department of Justice on November 12, 2013.On November 21, 2014, he was appointed to the board of Walmart. He also serves on the board of Qualcomm Inc., currently as presiding director. In 2015, he joined Warburg Pincus as senior advisor.
Qualcomm Incorporated is an American multinational semiconductor and telecommunications equipment company that designs and markets wireless telecommunications products and services. It derives most of its revenue from chipmaking and the bulk of its profit from patent licensing businesses. The company headquarter is located in San Diego, California, United States, and has 224 worldwide locations. The parent company is Qualcomm Incorporated (Qualcomm), which has a number of wholly owned subsidiaries: Qualcomm CDMA Technologies (QCT) sells all of Qualcomm's products and services ; Qualcomm Technology Licensing (QTL) is responsible for the patent licensing business; and Qualcomm Technologies, Inc. (QTI) operates nearly all of Qualcomm's R&D activities.
Warburg Pincus LLC is an American private equity firm with offices in the United States, Europe, Brazil, China and India. It has been a private equity investor since 1966. The firm currently has approximately $65 billion in assets under management and invests in a range of sectors including retail, industrial manufacturing, energy, financial services, health care, technology, media, and real estate. Warburg Pincus is a growth investor. Warburg Pincus has raised 19 private equity funds which have invested $77 billion in over 870 companies in 40 countries.
Horton was born in Hampton, Virginiaand spent much of his life in Texas. He has a BBA degree, magna cum laude, from Baylor University and an MBA degree from the Cox School of Business at Southern Methodist University in 1985.
Hampton is an independent city in the Commonwealth of Virginia in the United States. As of the 2010 census, the population was 137,438.
Baylor University, or simply Baylor, is a private Christian university in Waco, Texas. Chartered in 1845 by the last Congress of the Republic of Texas, it is the oldest continuously operating university in Texas and one of the first educational institutions west of the Mississippi River in the United States. Located on the banks of the Brazos River next to I-35, between the Dallas-Fort Worth Metroplex and Austin, the university's 1,000-acre campus is the largest Baptist university campus in the world. Baylor University's athletic teams, known as the Bears, participate in 19 intercollegiate sports. The university is a member of the Big 12 Conference in the NCAA Division I. It was associated with the Baptist General Convention of Texas but no longer.
The Edwin L. Cox School of Business is an American business school, part of Southern Methodist University (SMU) in Dallas, Texas. The SMU Cox School of Business is headquartered in three buildings on SMU's 210-acre main campus five miles north of downtown Dallas and has a second campus in Plano, Texas.
Horton began his career at AMR in 1985 as a financial analyst.From 1998 to 2000, he led the airline's International business based in London. Horton was appointed Chief Financial Officer in January 2000.
He left AMR in 2002 to join AT&T as Senior Executive Vice President and Chief Financial Officer.Horton was later appointed AT&T's Vice Chairman. He is credited for helping to create the new AT&T – in 2005, Horton led the evaluation of strategic alternatives, ultimately leading to the combination with Cingular and SBC which formed the new AT&T.
Horton returned to AMR in March 2006 and served as Executive Vice President — Finance and Planning and Chief Financial Officer of AMR and American.In 2008, he was named US top CFO by Institutional Investor magazine. In July 21, 2010, he was named President of the airline.
On November 28, 2011, Horton was named CEO and Chairman of American Airlines, at a time when it had fallen behind its competitors, who were able to reinvent themselves after declaring bankruptcy.When American's Board voted to restructure, they selected Horton to lead American through the process as CEO. He led a team to restructure the Company, which entailed restructuring debt, leases, the aircraft fleet, and negotiating labor contracts to result in restored Company profitability and competitiveness.
Simultaneously, Horton led a renewal of American's fleet and product with a landmark aircraft deal—Boeing and Airbus would provide new airplanes to replace the older ones.The deal was the largest aircraft order in history, with 460 new single aisle jets from the two manufacturers and $13 billion in financing. Horton's team lead the airline through a re-branding process to extend the Company's fleet and product updates to its overall look and feel. The new look showcases a new logo and flag on the tail with "American" in large letters on the silver body of the airplane.
With renewed labor contracts, Horton secured a deal for its anticipated merger with US Airways in which AMR creditors and unions own 72% of the new company, and US Airways shareholders own the other 28%.The combined company is called American Airlines Group. US Airways had originally sought a controlling stake in the combined company, though American Airlines was about twice the size of US Airways. Horton and the American team were able to make the deal much more favorable for AMR. Through the restructuring and merger, Horton achieved full recovery for bondholders and, unusually for a bankruptcy process, substantial recovery for equity holders.
The new American Airlines Group is the world's largest airline with 6700 flights per day, with 334 destinations in 56 countries around the world.
America West Airlines was a U.S. regional airline headquartered in Tempe, Arizona. Their main hub was at Sky Harbor Airport in Phoenix, Arizona, with a secondary hub at Las Vegas McCarran International Airport in Las Vegas, Nevada. The airline acquired U.S. Airways in 2005 but took on the name of U.S. Airways. America West served about 100 cities in the US, Canada, and Mexico; flights to Europe was on codeshare partners. In March 2005 the airline had 132 aircraft, with a single maintenance base at Phoenix Sky Harbor Airport. Regional jet and turboprop flights were operated on a code sharing basis by Mesa Airlines and Chautauqua Airlines as America West Express.
Donald J. Carty, is a Canadian-American businessman who serves as chairman of Porter Airlines and eRewards. In addition to these chairmanships, Carty is also a director of EMC Corporation, Dell, Barrick Gold, Talisman Energy, CN Rail, and Gluskin Sheff. He was previously chairman and chief executive officer (CEO) of AMR Corporation, the parent company of American Airlines, from 1998 to 2003. Carty is a past director of Hawaiian Airlines, Sears, Placer Dome, CHC Helicopters, and Brinker. He is a past chairman of Big Brothers Big Sisters of America, a former member of the Board of Trustees of Southern Methodist University and of the board of directors of the Dallas Center for the Performing Arts Foundation and the Dallas Theater Center. He currently serves on the Executive Board of the SMU Cox School of Business, In January 2007. Carty became the Vice Chairman and chief financial officer of Dell. On June 13, 2008, Carty retired from day-to-day operations, but stayed on as a director.
Envoy Air Inc. is an air carrier headquartered in Irving, Texas, in the Dallas-Fort Worth metroplex. It is a wholly owned subsidiary of American Airlines Group that, along with several carriers outside the group, feeds the American Airlines route network under the American Eagle brand. With over 1000 flights a day, serving 150 cities across the United States, Canada, Mexico and the Caribbean, Envoy is considered to be one of the world's largest regional airline systems. Envoy is an affiliate member of the Oneworld airline alliance.
Herbert David Kelleher was an American billionaire airline executive and lawyer. He was the co-founder, later CEO, and chairman emeritus of Southwest Airlines until his death in 2019.
Gerald ("Jerry") Grinstein is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. He became CEO of Delta in 2004, a time of financial crisis for the airline. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007.
Gerard J. Arpey is the former chairman, president, and chief executive officer (CEO) of AMR Corporation, parent company to American Airlines.
William Douglas "'Doug" Parker is an American businessman who is the current Chairman and CEO of American Airlines Group, Inc., the parent company of American Airlines.
UAL Corporation is the former name of United Continental Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. UAL held a 100 percent controlling interest in United Airlines, Inc., one of the world's largest air carriers, and is a founding member of the Star Alliance. It was announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. UAL Corporation would acquire Continental Airlines, Inc. and change its name to United Continental Holdings (UCH). On October 1, 2010, UCH, formerly UAL Corporation, announced completion of the merger. On Thursday June 27, 2019 United changed the name of its parent company from United Continental Holdings to United Airlines Holdings.
Braniff International Airlines, Inc. was a low-fare airline formed in 1991 from the assets of two earlier airlines that used the Braniff name. It was headquartered in the Dallas, Texas, area and owned by BNAir, Inc., a subsidiary of BIA-COR Holdings Inc., a Philadelphia investment group, formed by Paine Weber Group, and subsequent airline holding company. The airline is identified as Braniff III to differentiate it from its predecessors.
The Association of Professional Flight Attendants (APFA) was founded in 1977 and represents over 26,000 flight attendants at American Airlines. In 2003, APFA played a major role in keeping American Airlines solvent and out of bankruptcy by giving back an employee bailout of $340 million in annual salary and benefits, for a total of over $3 billion. APFA had been in negotiations with American for almost four years when the carrier filed for chapter 11-bankruptcy protection on November 29, 2011.
United Airlines Holdings, Inc. is a publicly traded airline holding company headquartered in the Willis Tower in Chicago. UAH owns and operates United Airlines, Inc. On June 27, 2019, the name of the parent company was changed from United Continental Holdings to United Airlines Holdings.
Pedro Fábregas is an officer at American Airlines Group, the parent company of American Airlines, US Airways and Envoy Air. Pedro Fábregas was named President and Chief Executive Officer of Envoy Air in December 2013. At Envoy Air, Fábregas oversees one of the world's largest regional airlines, with more than 18,000 employees and operating more than 185 regional aircraft on approximately 1,000 daily flights to nearly 150 cities throughout the United States, Canada, the Bahamas, Mexico and the Caribbean.
American Airlines Group Inc. is an American publicly traded airline holding company headquartered in Fort Worth, Texas. It was formed December 9, 2013, in the merger of AMR Corporation, the parent company of American Airlines, and US Airways Group, the parent company of US Airways. The airline groups together form the largest airline in the world, with more than 6,700 daily flights to 350 locations in 56 countries worldwide, about $40 billion in operating revenue, over 100,000 employees, and plans to take delivery of 607 new aircraft, including 517 narrowbody aircraft and 90 widebody international aircraft. The integration of American Airlines and US Airways was completed when the Federal Aviation Administration granted a single operating certificate for both carriers on April 8, 2015. The company ranked No. 71 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.
Delta Air Lines is a major American airline with a history dating back to 1924. The company recognizes four founders: the principal founder Collett E. Woolman, C. H. McHenery, Travis Oliver, and Malcolm S. Biedenharn.
Laura Glading is a labor union activist and leader. She was elected president of the Association of Professional Flight Attendants (APFA) in February 2008. Glading was elected to a second term in February 2012. Following American Airlines' bankruptcy and merger with US Airways, Glading was hailed as being "among this century's most important labor leaders." Shortly after departing from APFA the board of directors described her behavior in her leadership role as traitorous and reprehensible.
This is the history of United States commercial air transportation company American Airlines.
Thomas G. Plaskett is an American business executive who served as CEO of Continental Airlines, Pan American World Airways, and Greyhound Lines.
| President of American Airlines |
2010 – 2013
J. Scott Kirby
| Chairman and CEO of American Airlines |
2011 – 2013