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United Board Set to Decide on Oscar Munoz as CEO

United Airlines board of directors expected to make decision on Munoz before end of day Monday

After being hospitalized with a reported heart attack, the new president and chief executive of United Airlines could be relieved of his duties by the company’s board of directors. In a statement Monday, the airline announced their intentions to complete plans to move forward during the absence of current leader Oscar Munoz.

“The Company anticipates it will today conclude the corporate governance process necessitated by the hospitalization of President and CEO,” Henry L. Meyer III, non-executive chairman of the United Continental Holdings board of directors, said in a statement. “In the meantime, the United family’s thoughts and well-wishes are with Oscar.”

Munoz, 56, was first reported as hospitalized on Friday, October 16, after sources close to the executive say he suffered a heart attack. The airline did not elaborate on Munoz’s condition, instead issuing a statement confirming that the executive was admitted to a Chicago-area hospital the previous day and operations were continuing as normal.

The board is now reported to be considering between two options for future leadership. A source close to the situation told Bloomberg the airline could either name a temporary chief executive to fill the void left by Munoz, or choose to seek a new leader for the airline. Munoz stepped in immediately after the resignation of former president Jeff Smisek, who resigned from the post due to a federal investigation of the Port Authority of New York and New Jersey.

Munoz is just over one month into his tenure in the top position of the world’s fourth largest airline by passengers. Bloomberg reports the executive was scheduled to meet with key union leaders on Thursday, as part of a larger post-Smisek turnaround plan.

[Photo: United Airlines]

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