Published on : Wednesday, December 9, 2020
Meghan Montana has been promoted to the post of Vice-President and Treasurer for American Airlines. 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.
Montana succeeds Tom Weir, who has announced his retirement from the company after serving the airline for 20 years. Montana will report to American’s Chief Financial Officer, Derek Kerr. Montana joined American in 2018 as Managing Director and Assistant Treasurer and has been instrumental in the airline’s response to the COVID-19 pandemic. She helped Weir arrange more than $20 billion in financing this year to strengthen American’s financial position.
Derek Kerr, CFO, American Airlines said in his statement that Tom is the preeminent aviation financier in the world, and has helped American develop his successor. He shared that Meghan has an outstanding reputation and terrific relationships in the banking world, which have largely benefited the company this year and is the perfect person to build on the work Tom has done. He mentioned that the company is grateful to have found the ideal person for the position in Meghan.