Director Armando M. Codina to Assume Lead Director Role on Board
AMR Corporation , the parent company of American Airlines, Inc., today announced that Edward A. Brennan will retire from the Company's Board of Directors.
Brennan was first elected to the Company's Board of Directors in 1987. Since 2004, Brennan has served as AMR's Lead Director, which gave him responsibility, among a myriad of other duties, for leading the Board's process of selecting and evaluating the chief executive officer. He also served as AMR's Executive Chairman from April 2003 until May 2004 during a critical period in the Company's history. His retirement is effective March 31, 2007.
"On behalf of the Company and its employees, I want to personally thank Ed Brennan for two decades of exemplary service, vision and guidance," said AMR Chairman and CEO Gerard Arpey. "Ed personally embodies many of the qualities we aspire to as a company and as individuals -- leadership, strength, courage and, perhaps most of all, integrity. His leadership has had a profound impact on the Company and its shareholders as we have made great strides in building a brighter future for American and its employees. We wish him our very best."
Brennan, 73, retired in 1995 as the chairman, president and chief executive officer of Sears, Roebuck and Co., based in Chicago, Ill., after spending 39 years with that company. He is also a director of Excelon Corp. and McDonalds Corp.
Armando M. Codina, first elected as an AMR director in 1995, will assume the role of Lead Director. Codina, 60, has served as president and chief executive of Flagler Development Group, Inc., since 2006. From 1979 to 2006, he served as chairman and chief executive officer of Codina Group, Inc., based in Coral Gables, Fla., until its merger with Flagler Development Group. He is also a director of General Motors Corp., Merrill Lynch & Co., Inc., and Florida East Coast Industries, the parent company of Flagler Development Group.
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SOURCE: AMR Corporation
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