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United Airlines Names Kathryn Mikells CFO; Jake Brace to Retire November 1

Written by thomas · Filed Under Commercial 

August 18, 2008

thomas

CHICAGO, Aug. 15 /PRNewswire-FirstCall/ — UAL Corporation (Nasdaq:
UAUA), the holding company whose primary subsidiary is United Airlines,
today announced that Kathryn Mikells will be named senior vice president
and chief financial officer, succeeding Jake Brace, executive vice
president and chief financial officer, who is retiring November 1. In her
new position, Mikells, who has held several leadership roles in the finance
organization, will be responsible for treasury, tax, the controller
function, budgets, financial planning and analysis, accounting, external
financial reporting, and, for administrative purposes, internal audit. She
also will be responsible for mergers and acquisitions, fleet planning,
corporate development and investor relations.

Brace has served since 2001 as CFO, as well as in the role of chief
restructuring officer, leading the company’s $23 billion restructuring.
Since joining United in 1988, Brace has held several leadership positions,
including vice president — Corporate Development, vice president —
Financial Analysis and controller and senior vice president — Finance.
Prior to joining United, Brace also held leadership positions with American
Airlines. He will continue to serve in an advisory role to the chairman and
the company’s board of directors.

“Jake has brought significant capability to the role of CFO, combining
strong business acumen, a solid financial background and critical thinking
at a time when the company was going through a complex restructuring. We
thank Jake for his unwavering commitment to United, and for leading the
work that enabled this company to restructure and compete in a challenging
competitive environment. We wish him well in the next phase of his career,”
said Glenn Tilton, United chairman, president and CEO. “Kathryn is a
demonstrated leader who successfully managed critical departments within
the finance organization. She is well suited and well prepared to take on
the role of chief financial officer.”

Mikells most recently served as vice president of Investor Relations,
representing United to the business and financial analyst community, and
working closely with investors. Prior to that, Mikells held the role of
vice president of Financial Planning and Analysis, responsible for business
development and analytical support for business decisions and financial
planning, including overseeing the company’s operating and capital
budgeting functions. She was previously vice president and treasurer for
United, where she was responsible for United’s treasury department,
including corporate finance, risk management, cash management, insurance
and corporate tax.

“I have worked with Kathy for more than 10 years, and this is a role
that she has prepared for, worked hard for, and that is well deserved,”
Brace said.

Mikells joined United in 1994 as a financial analyst. She has held
several leadership positions, including vice president of Corporate Real
Estate, director of Corporate Planning, managing director of United
NetVentures, chief financial officer of Mileage Plus, director of Financial
Analysis, and manager of Operating Budgets and Treasury.

Prior to joining United, Mikells spent six years in the financial
services sector, including positions at GE Capital’s Corporate Finance
Group, Household International and Canadian Imperial Bank. She holds a
master’s of business administration from the University of Chicago and a
bachelor’s of science degree in finance from the University of Illinois at
Urbana-Champaign. In her new role, Mikells will report to Tilton and will
continue to be based at the company’s corporate headquarters in Chicago.

About United

United Airlines (NASDAQ: UAUA) operates more than 3,200* flights a day
on United and United Express to more than 200 U.S. domestic and
international destinations from its hubs in Los Angeles, San Francisco,
Denver, Chicago and Washington, D.C. With key global air rights in the
Asia-Pacific region, Europe and Latin America, United is one of the largest
international carriers based in the United States. United also is a
founding member of Star Alliance, which provides connections for our
customers to 975 destinations in 162 countries worldwide. United’s 55,000
employees reside in every U.S. state and in many countries around the
world. News releases and other information about United can be found at the
company’s Web site at united.com. *Based on United’s flight schedule
between Jan. 1, 2008, and Dec. 31, 2008.

SOURCE United Airlines

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