(08 Dec 2020)
American Airlines has promoted Meghan Montana
to the position of 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.
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.”
American in 2018 as Managing Director and Assistant Treasurer. She
has been instrumental in American’s response to the coronavirus
(COVID19) 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.
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, Montana holds an
MBA from New York University’s Stern School of Business and a
Bachelor of Science in Finance from Miami University of Ohio.