American Airlines Names Gregory D. Smith to Its Board of Directors

Rhea-AI Summary

American Airlines Group Inc. (NASDAQ: AAL) has elected Gregory D. Smith to its board of directors. Smith, aged 55, will be part of the Audit Committee and the Corporate Governance, Public Responsibility and Safety Committee. With over 30 years at Boeing, including roles as Executive Vice President and Chief Financial Officer, he brings significant finance and operational expertise. His extensive background in the aviation industry is expected to be beneficial for the airline. Smith is also a board member of Intel Corporation and other healthcare institutions.

Positive

• Election of Gregory D. Smith to the board may enhance strategic oversight due to his extensive aviation and financial experience.
• Smith's prior roles at Boeing and current positions at Intel and healthcare boards could provide valuable insights.

Negative

• Concerns may arise regarding continuity and experience gaps with the new board member's integration into the company.

FORT WORTH, Texas, Jan. 18, 2022 (GLOBE NEWSWIRE) -- American Airlines Group Inc. (NASDAQ: AAL) today announced the election of Gregory D. Smith, 55, to its board of directors. Smith will serve on the board’s Audit Committee and Corporate Governance, Public Responsibility and Safety Committee.

“We are very pleased Greg has agreed to join the American Airlines board,” said American’s Chairman and CEO Doug Parker. “Greg is a highly accomplished leader who has held key finance, operations and strategy roles over the course of three decades at Boeing. His experience and strong knowledge of the aviation and aerospace industry will be tremendous assets to American.”

Smith retired from The Boeing Company in July 2021 after a more than 30-year career. He most recently served as Executive Vice President and Chief Financial Officer, with responsibility for the company’s Enterprise Operations, Finance, Strategy and Shared Services organizations. He managed Boeing’s overall financial activities and drove operational excellence by overseeing the company’s manufacturing, operations, supply chain, quality and program management teams. He also led the company’s global financing arm, Boeing Capital, its corporate audit function, and its environmental, social and governance work.

During his time at Boeing, Smith held a number of other key leadership roles including Vice President of Finance, Corporate Controller and Chief Accounting Officer, and Vice President of Financial Planning and Analysis. In between his two stints at Boeing, he spent four years at Raytheon Company as Vice President of Investor Relations.

Smith currently serves on the board of directors of Intel Corporation, as well as Lurie Children’s Hospital and Northwestern Memorial Healthcare in Chicago.

About American Airlines Group
American’s purpose is to care for people on life’s journey. Shares of American Airlines Group Inc. trade on Nasdaq under the ticker symbol AAL and the company’s stock is included in the S&P 500. Learn more about what’s happening at American by visiting news.aa.com and connect with American on Twitter @AmericanAir and at Facebook.com/AmericanAirlines.

Corporate Communications
mediarelations@aa.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/12f254a0-2562-459d-a564-29ef9e25820a

FAQ

What role will Gregory D. Smith have at American Airlines Group (AAL)?

Gregory D. Smith will serve on the Audit Committee and the Corporate Governance, Public Responsibility and Safety Committee.

What is Gregory D. Smith's background before joining American Airlines Group (AAL)?

Smith has over 30 years of experience at Boeing, where he served as Executive Vice President and Chief Financial Officer among other roles.

How might Gregory D. Smith's election impact American Airlines Group (AAL)?

His extensive experience in finance and operations at Boeing is expected to strengthen the board's strategic oversight.