Stanley steps into finance role at US Airways
In what one analyst calls an "ominous sign", US Airways - which is operating under Chapter 11 bankruptcy court protection - has seen the departure of its second chief financial officer in less than seven months. David Davis has resigned to take a position with Houston-based Kraton Polymers. Ronald Stanley, who joined the US Airways board in May 2004, replaces him. Davis, who joined the carrier in April 2002 was appointed in May, taking over from retiring Neal Cohen.
Stanley was previously chief operating officer and director of HSBC Equator. He also held several other key banking positions.
Bruce Lakefield, US Airways president, says: "I am grateful that Ron has agreed to step into this position and lend his vast finance experience and leadership to help us complete our restructuring. He has played an active role on the board since May, and as chairman of the audit committee."
MARK PILLING LONDON
Source: Airline Business
