American Airlines issued the following announcement on Dec. 7.
American Airlines announced today that Meghan Montana has been promoted to Vice President and Treasurer. In her expanded role, Montana will be responsible for the airline’s treasury activities, including corporate finance, global banking and cash management, as well as fleet transactions, asset management, insurance and fuel procurement. She will report to American’s Chief Financial Officer Derek Kerr.
Montana succeeds Tom Weir, who has announced his retirement from American after 20 years with the company. Weir joined America West Airlines in 2000 as Vice President and Treasurer and held the same position at US Airways prior to its merger with American in 2013.
“Tom is one of the very best friends I’ve ever had in this business,” said Kerr. “He is the preeminent aviation financier in the world, as evidenced by the fact that he has put together well over $100 billion of financings and negotiated more than $50 billion of aircraft and engine purchases during his career. He has been a rock on the Finance team for 20 years and is the only treasurer I’ve worked with during my time as CFO. I’m thrilled for Tom that he gets to step away and enjoy a much-deserved retirement. He leaves big shoes to fill, but Meghan is up to the task.
“This is part of a long-term transition plan for our treasury team,” added Kerr. “Tom has helped us develop his successor and we are grateful to have found that person in Meghan. She has an outstanding reputation and terrific relationships in the banking world, which have benefited American greatly this year. She’s the perfect person to build on the work Tom has done as we continue to navigate these extraordinary times.”
Montana joined American in 2018 as Managing Director and Assistant Treasurer. She has been instrumental in American’s response to the coronavirus (COVID-19) pandemic, helping Weir arrange more than $20 billion in financing this year to strengthen American’s financial position.
Prior to American, Montana was responsible for the North and South American Transportation and Aviation sector coverage efforts at Standard Chartered Bank, advising the bank’s corporate clients across their capital structure and treasury needs. Montana has more than a decade of Wall Street experience leading and advising large corporate relationships at complex global institutions including Standard Chartered, as well as Deutsche Bank and the Royal Bank of Scotland.
A native of Cleveland, she holds an MBA from New York University’s Stern School of Business and a Bachelor of Science in Finance from Miami University of Ohio.
Original source can be found here.
Source: American Airlines
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