UAL Puts Two More Outsiders On Board

UAL Corp., the parent of DIP United Airlines, has added two more industry outsiders to its Board, bringing to three the newbies put on the hot seats, in a month.

Retiring are Richard McCormick and John Van de Kamp. Moving in are Robert S. "Steve" Miller Jr. and George Weiksner Jr.

 Miller, 61, is called a turnaround kind of guy. He was brought in as President of Bethlehem Steel in September of 2001. In three short weeks, that company had filed for Chapter 11; and by Spring of 2002, his lobbying efforts succeeded in getting huge (18%) tariffs added to the price of foreign steel brought into the US, effectively transfering steel-user money to Bethlehem's furnaces.

By May of this year, Bethlehem's assets were sold to International Steel Group. His other experience in distressed companies included stints at Chrysler in the early 1980s; and more recently at Federal Mogul, Waste Management, and Morrison Knudsen.

Weiksner, 58, is a money man, skilled in the ways of big finance. He is currently vice chairman, Latin America, for Credit Suisse First Boston Corp.

The first "outsider," Northwestern University Kellogg Graduate School of Management's marketing genius (and dean), Dr. Dipak Jain, joined UAL's Board board May 27.

"United's three new directors together add considerable breadth and depth to our board in areas key to our future success — marketing, corporate restructuring and global finance," Glenn Tilton, UAL's Chairman, said, no doubt relieved that those three critical areas could now be so ably covered.

FMI: www.ualcorp.com