United Airlines Finance Chief Resigns After Less Than Two Years

United Airlines Chief Financial Officer Andrew Levy is resigning after less than two years with the company, saying he will pursue “entrepreneurial” opportunities, as the carrier works to bolster its network and overhaul its fleet.

Levy, 47, was hired at United Continental Holdings Inc. in August 2016, a month before the carrier announced that it had hired Scott Kirby as president.

“I plan to return to the more entrepreneurial pursuits that have defined my career,” Levy wrote in a note to colleagues Thursday. “My decision to resign was reached after a great deal of thought during the past few months. I have some interesting opportunities and now is the right time for me to move forward.”

His departure comes as Chief Executive Officer Oscar Munoz is working to strengthen the Chicago-based airline’s domestic hubs, add regional routes and revamp its long-haul fleet to newer, more efficient aircraft.

“I personally want to thank Andrew for his contributions to United,” Munoz said in a statement. “He leaves the company in a stronger financial position and with a clear strategy and framework in place.” The carrier remains confident in its financial guidance, he said.

Senior Vice President Gerry Laderman will serve as interim CFO. He took the same role during the year United was searching for a replacement for Levy’s predecessor, John Rainey, who left in mid-2015 to work for PayPal Holdings Inc.

Levy spent 13 years as the president of ultra-low-cost carrier Allegiant Travel Co., leaving the Las Vegas-based company in 2014. Levy earned $3.3 million in compensation last year.

The shares were unchanged after the close of regular trading in New York. United has climbed 3.1 percent this year, while a Standard & Poor’s index of the five biggest U.S. airlines dropped 12 percent.

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