Outgoing Delta CFO staying on to help navigate Covid-19 crisis
Delta Air Lines’ outgoing financial chief Paul Jacobson is entering the fray once more to help the airline navigate the worst crisis in its history.
CFO Paul Jacobson announced his retirement in February but has been persuaded to return by chief executive Ed Bastion.
"Paul and his team have been instrumental in executing our strategy for cost reduction while forging the path ahead so that Delta is positioned to lead the industry when the recovery comes," Bastion said in a memo to employees.
"We can all be heartened by the fact that Paul has chosen to stay with Delta."
Jacobson will stay on for an indefinite period, possibly ‘for many years to come’ Bastion said.
Jacobson is a Delta veteran and was appointed to CFO in 2012.
Delta has consistently been the star performer in recent years with a strong bottom line, although right now is struggling to pare losses by trimming costs just like every other airline.
"After more than two decades at Delta, the thought of leaving at a time like this weighed heavily on me, and when Ed asked me to reconsider my retirement it was an easy decision," Jacobson said.
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