Deals
Delta Names Bastian CEO as Anderson Departs After Merger Success
- Ascent of longtime No. 2 executive seen providing continuity
- Departing CEO will step down in May, become executive chairman
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Delta Air Lines Inc.’s maverick chief executive officer, Richard Anderson, will step down later this year to make way for his longtime second-in-command, Ed Bastian, to move into the top role.
Anderson leaves with a legacy of having carried out a 2008 merger with Northwest Airlines that suffered from few of the setbacks seen by United Continental Holdings Inc. He’ll give up the CEO job on May 2, the day he turns 61.