News in Brief Podcast | Week 26 2024 | Strike action, rate increases and Atlas Air turbulence
In this episode of The Loadstar’s News in Brief Podcast, host and news reporter Charlotte Goldstone ...
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
Atlas Air, which on Friday finally consummated its merger with an Apollo-led group of investors, has seen an immediate board change: only two directors remain, CEO John Dietrich and Walter Borst, while the others, including three women, have left.
The new board includes just one woman, Betsy Atkins, who also appears to be the only member not connected to the airline’s new private equity owners.
One new director is from Hill City Capital, two are from Lehman and four from Apollo, two of whom recently had to leave the board of Sun Country, an Amazon supplier, over a possible conflict of interests.
Atlas Air was named among the Women’s Forum of New York’s 2021 Corporate Champions, in recognition of its attempt to get gender balance on its corporate board. Shareholders had expressed concern in 2018 over Atlas’s lack of diversity in the boardroom. The board is now strongly white and male.
The new members include Herbert “Chip” Frazier, William Hanenberg, Alexander Harman, Patrick Kearney, Antoine Munfakh, Jason Scheir and David Siegel.
No other job changes have been announced, but one insider said staff had been on tenterhooks for a while.
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