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Published on 1/18/2006 in the Prospect News Distressed Debt Daily.

UAL names new board of directors

By Caroline Salls

Pittsburgh, Jan. 18 - UAL Corp. named the members of its new board of directors, which will begin service when the company's plan of reorganization takes effect, according to a company news release.

Current directors named by the company include W. James Farrell, chairman, Illinois Tool Works, Inc.; Robert S. Miller Jr., chairman and chief executive officer, Delphi Corp.; James J. O'Connor, retired chairman and CEO, Unicom Corp.; Glenn F. Tilton, chairman, president and CEO, UAL; and John H. Walker, president and CEO, The Boler Co.

Members named by the official committee of unsecured creditors include Richard J. Almeida, retired chairman and CEO, Heller Financial, Inc.; Walter Isaacson, president and CEO, The Aspen Institute; Janet Langford Kelly, partner, Zelle, Hofmann, Voelbel, Mason & Gette LLP; Robert D. Krebs, retired chairman, Burlington Northern Santa Fe Corp.; and David Vitale, chief administrative officer, Chicago Public Schools.

Union representatives on the board will continue to be Mark A. Bathurst, United Airlines Pilots Master Executive Council chairman, Airline Pilots Association International and Stephen R. Canale, president and general chairman, District Lodge 141, IAMAW.

Departing board members include W. Douglas Ford, retired executive director and chief executive, Refining and Marketing, BP plc; Dipak C. Jain, dean, Kellogg School of Management, Northwestern University; Paul E. Tierney Jr., general partner, Darwin Capital Partners and managing member, Development Capital, LLC; and George B. Weiksner Jr., vice chairman, Credit Suisse.

UAL, the Chicago-based parent of United Airlines, filed for bankruptcy on Dec. 9, 2002 in the U.S. Bankruptcy Court for the Northern District of Illinois. Its Chapter 11 case number is 02-48191.


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