Delta Air Lines has promoted Paul Jacobson to senior vice president (SVP) and chief financial officer (CFO). Jacobson is currently Delta’s SVP and treasurer. He will report to Delta president Edward Bastian.
Jacobson, a 15-year veteran of Delta, will play a key leadership role in delivering industry-leading financial results. Jacobson will join Delta’s corporate leadership team and assume responsibilities from Hank Halter, Delta’s current CFO, following his decision to retire from Delta.
Jacobson holds a Bachelor of Aviation Management degree from Auburn University and a MBA from Vanderbilt University. He serves on the board of directors for the Georgia Chapter of the March of Dimes.
The following officers also have been named within Delta’s finance organisation:
- Gary Chase will join Delta as SVP – financial planning and analysis and investor relations. Chase joins Delta from Barclays Capital where he has served as managing director – equity research.
- Mike Randolfi has been promoted from vice president to SVP – finance and controller. The 12-year Delta veteran will continue to lead Delta’s day-to-day financial operations through the controller organization and also will assume responsibility for Delta’s corporate accounting.
- Ken Morge, managing director – assistant treasurer will succeed Jacobson and be promoted to vice president and treasurer for Delta. In his position, Morge will oversee corporate tax, capital markets and risk management.
Chase, Randolfi and Morge will report to Jacobson.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.