What does the leaked Continental Airlines memo say about the new, mergedcompany?
It's always interesting when internal corporate memos get out — doubly so when it involves the merger of the formerly Houston-headquartered Continental Airlines with United Airlines.
The Dallas Morning News obtained a memo Continental sent out to its employees about the selection of a new leadership team, and what it means for the continued organization of the massive new combined airline company.
The lowdown? There's a bunch of committees deciding how to decide who gets to be on other committees. Oh, and even if you don't get a job at the new company, you might get to stick around a while after the merger — like current VP and COO Mark Moran. (He gets to stay employed "during a portion of the integration process.")
Continental and United Airlines revealed the new leadership team that will run their combined company last week. The new execs are divided half and half between United and Continental's people, with four bigshots from each company rounding out the executive team that CEO (formerly the Continental CEO) Jeff Smisek will head.
Halfsies? Now, that's a sophisticated system.
Many of the executives had long relationships with the companies, with Chief Operations Officer Pete McDonald having been with United Airlines since 1969.
The remaining team is comprised of: Mike Bonds, human resources and labor relations; Jim Compton, chief marketing officer; Jeff Foland combined carrier’s loyalty program; Nene Foxhall, communications and government affairs; Keith Halbert, chief information officer; Pete McDonald, chief operations officer; Zane Rowe, chief financial officer; Tom Sabatino, who joined United in 2010, will be general counsel.
The fallout is that it's already been announced that two other high-ranking United executives will be leaving the company.
The new airline has already received unconditional clearance from the European Union to move forward with their merger. But it still awaits U.S. approval.