Skift Take
Tom Horton may be losing reigns of the world's largest airline, but he's walking away with the knowledge that he helped seal an industry-shaking deal and that a plump severance package awaits.
American Airlines chairman, president, and CEO Tom Horton sent a thank you note to employees on Thursday afternoon as he prepares to leave his position as chief executive and president next week.
Horton writes in the letter, "As you know, while I’ll remain on as chairman of the board, the CEO reins will pass to Doug Parker, a first rate leader and longtime friend."
According to The Dallas Morning News, all American executives without a new role at the merged airline will have their last day today. US Airways and American officials are expected to close the merger of the two airlines on Monday morning.
US Airways chairman and CEO Doug Parker will become the CEO of the new American Airlines Group. US Airways president Scott Kirby will become president of the new air
