Delta Air Lines' CFO leaves to join GM

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Delta Air Lines' CFO leaves to join GM
GM has hired Paul Jacobsen away from Delta Air Lines to become its new CFO, reporting directly to CEO Marry Barra. The previous GM CFO left the auto industry and went to Silicon Valley.

IMO, this is partly what's wrong at GM...for too long, they have been run by people who crunch numbers instead of showing a real interest in their vehicles. Bob Lutz, to me, seemed like one of the last major execs there who really had a serious interest in the vehicles themselves. And I say that as a GM fan myself. But, we'll see.

In all fairness, though, I probably don't blame Jacobson for wanting to get away from the airlines...the COV-ID pandemic has turned that industry into a real mess.

https://auto.economictimes.*********...-head/78962878Delta Air Lines CFO Jacobson to resign, join GM as finance head
Jacobson, 48, was also named the executive vice president of GM and will report to Chief Executive Officer Mary Barra, GM said.
Reuters October 31, 2020, 07:46 IST



Delta Air Lines said on Friday Chief Financial Officer Paul Jacobson would resign from his position, effective Nov. 15, to join General Motors as CFO.

Jacobson, 48, was also named the executive vice president of GM and will report to Chief Executive Officer Mary Barra, GM said.

He will replace John Stapleton, GM's acting CFO, who will continue as the company's North America chief financial officer, a position he has held since January 2014.

Jacobson took over as Delta Air Lines' CFO in 2012.

The airline said it will be conducting a global search for a replacement, besides considering internal candidates. In the interim, Gary Chase and Bill Carroll will serve as co-chief financial officers.

Jacobson will join GM effective Dec. 1 with an initial annual compensation that will include a base salary of $1 million, the automaker said.

In August, GM's previous CFO, Dhivya Suryadevara, one of the auto industry's youngest and highest-ranking executives, jumped ship for Silicon Valley and the technology sector, where she was named CFO of online payments startup Stripe.
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ssun30

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Delta is my go-to airline whenever I visit USA. I heard they are a well-managed company even though they fly old planes. I've had experience with AA and UA before and they are indeed as bad as Americans say.
 
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Delta is my go-to airline whenever I visit USA. I heard they are a well-managed company even though they fly old planes. I've had experience with AA and UA before and they are indeed as bad as Americans say.
I've used American Airlines and I've had a pretty damn good experience with them.
 

Ian Schmidt

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My frequent flyer miles are on Delta, after they bought Northwest (and gained Minneapolis as a secondary hub). Something that didn't get much notice is that Northwest had the best IT in the airline industry at the time of the acquisition, and Delta has continued on with that. They had things like electronic boarding passes on your phone before anyone else.
 
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