Ed Bastian: Difference between revisions
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== Career == |
== Career == |
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Bastian began his career as an auditor in New York at Price Waterhouse, now [[PricewaterhouseCoopers]]. During a 1981 annual review, he uncovered a $50 million fraud scheme involving ad powerhouse [[J. Walter Thompson]] |
Bastian began his career as an auditor in New York at Price Waterhouse, now [[PricewaterhouseCoopers]]. During a 1981 annual review, he uncovered a $50 million fraud scheme involving ad powerhouse [[J. Walter Thompson]]. This prompted a [[U.S. Securities and Exchange Commission]] investigation, leaving many Price Waterhouse executives with marred careers. A few years later, he was named partner at age 31.<ref name="Fortune" /> |
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After Price Waterhouse, he served as Vice President at [[PepsiCo]], where he managed international finances for its [[Frito-Lay]] snack division until 1998, when he joined Delta Air Lines as Vice President - Finance and Controller. |
After Price Waterhouse, he served as Vice President at [[PepsiCo]], where he managed international finances for its [[Frito-Lay]] snack division until 1998, when he joined Delta Air Lines as Vice President - Finance and Controller. In 2000, he was promoted to Senior Vice President – Finance and Controller. |
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Bastian left Delta in 2005 to become Senior Vice President and Chief Financial Officer at [[Acuity Brands]]. Six months later, at the request of then-Delta CEO [[Gerald Grinstein]], he returned to the airline to serve as Chief Financial Officer.<ref name="The Gate>{{cite web|url=https://thegate.boardingarea.com/ed-bastian-to-succeed-richard-anderson-as-chief-executive-officer-of-delta-air-lines/|title=Ed Bastian to Succeed Richard Anderson as Chief Executive Officer of Delta Air Lines|work=The Gate|date=February 3, 2016}}</ref> In 2007, he was appointed to President, a position he held until assuming the role of CEO in May 2016.<ref name="Chief Executive>{{cite web|url=https://chiefexecutive.net/ceo1000-edward-bastian-restructures-delta-into-the-winningest-airline/|title=Edward Bastian Restructures Delta Into The "Winningnest" Airline|work=Chief Executive|date=January 2, 2018}}</ref> His transition to CEO was the first time Delta had chosen a chief executive officer from within the company since 1987.<ref>{{Cite web|url=https://www.atlantamagazine.com/news-culture-articles/can-new-delta-ceo-ed-bastian-continue-the-airlines-success/|title=Can new Delta CEO Ed Bastian continue the airline's success?|last=|first=|date=April 28, 2016|website=Atlanta Magazine|language=|archive-url=|archive-date=|dead-url=|access-date=}}</ref> |
Bastian left Delta in 2005 to become Senior Vice President and Chief Financial Officer at [[Acuity Brands]]. Six months later, at the request of then-Delta CEO [[Gerald Grinstein]], he returned to the airline to serve as Chief Financial Officer.<ref name="The Gate>{{cite web|url=https://thegate.boardingarea.com/ed-bastian-to-succeed-richard-anderson-as-chief-executive-officer-of-delta-air-lines/|title=Ed Bastian to Succeed Richard Anderson as Chief Executive Officer of Delta Air Lines|work=The Gate|date=February 3, 2016}}</ref> In 2007, he was appointed to President, a position he held until assuming the role of CEO in May 2016.<ref name="Chief Executive>{{cite web|url=https://chiefexecutive.net/ceo1000-edward-bastian-restructures-delta-into-the-winningest-airline/|title=Edward Bastian Restructures Delta Into The "Winningnest" Airline|work=Chief Executive|date=January 2, 2018}}</ref> His transition to CEO was the first time Delta had chosen a chief executive officer from within the company since 1987.<ref>{{Cite web|url=https://www.atlantamagazine.com/news-culture-articles/can-new-delta-ceo-ed-bastian-continue-the-airlines-success/|title=Can new Delta CEO Ed Bastian continue the airline's success?|last=|first=|date=April 28, 2016|website=Atlanta Magazine|language=|archive-url=|archive-date=|dead-url=|access-date=}}</ref> |
Revision as of 22:02, 5 December 2018
Ed Bastian | |
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Born | Edward H. Bastian June 6, 1957 |
Alma mater | St. Bonaventure University |
Occupation | Business executive |
Title | Chief Executive Officer of Delta Air Lines |
Term | May 2016- present |
Predecessor | Richard H. Anderson (businessman) |
Board member of | Aeroméxico, Atlanta Committee for Progress, Metro Atlanta Chamber of Commerce, Woodruff Arts Center, Virgin Atlantic Airlines |
Children | 4 |
Edward H. Bastian (born June 1957) is an American business executive. He has been the chief executive officer of Delta Air Lines since May 2, 2016.[1]
Early life and education
Bastian grew up in Poughkeepsie, N.Y., the oldest of nine children. His father was a dentist; his mother, a dental assistant. The Bastians operated their dental practice from within the family home.[2]
In 1979, Bastian received a Bachelor of Business Administration in Accounting from St. Bonaventure University in Cattaraugus County, New York.[3] He is a Certified Public Accountant.[4]
Career
Bastian began his career as an auditor in New York at Price Waterhouse, now PricewaterhouseCoopers. During a 1981 annual review, he uncovered a $50 million fraud scheme involving ad powerhouse J. Walter Thompson. This prompted a U.S. Securities and Exchange Commission investigation, leaving many Price Waterhouse executives with marred careers. A few years later, he was named partner at age 31.[2]
After Price Waterhouse, he served as Vice President at PepsiCo, where he managed international finances for its Frito-Lay snack division until 1998, when he joined Delta Air Lines as Vice President - Finance and Controller. In 2000, he was promoted to Senior Vice President – Finance and Controller.
Bastian left Delta in 2005 to become Senior Vice President and Chief Financial Officer at Acuity Brands. Six months later, at the request of then-Delta CEO Gerald Grinstein, he returned to the airline to serve as Chief Financial Officer.[5] In 2007, he was appointed to President, a position he held until assuming the role of CEO in May 2016.[6] His transition to CEO was the first time Delta had chosen a chief executive officer from within the company since 1987.[7]
Personal life
Bastian splits his time between Atlanta, where Delta Air Lines is headquartered, and Florida.[8]
Awards and recognition
- 2021 Metro Atlanta Chamber Chairman[9]
- The World's 50 Greatest Leaders 2018, Fortune Magazine[10]
- 2018 Georgia Trustee, Georgia Historical Society[11]
- 2017 Most Admired CEO, Atlanta Business Chronicle[12]
References
- ^ "Delta announces executive succession". Delta News Hub. February 3, 2016.
- ^ a b "Delta buckles up for turbulence". Fortune. November 27, 2018.
- ^ "St. Bonaventure grad to take over for Delta Air Lines CEO Anderson as he retires". WIVB. February 4, 2016.
{{cite web}}
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(help) - ^ "Edward "Ed" Bastian". www.bloomberg.com.
{{cite web}}
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(help) - ^ "Ed Bastian to Succeed Richard Anderson as Chief Executive Officer of Delta Air Lines". The Gate. February 3, 2016.
- ^ "Edward Bastian Restructures Delta Into The "Winningnest" Airline". Chief Executive. January 2, 2018.
- ^ "Can new Delta CEO Ed Bastian continue the airline's success?". Atlanta Magazine. April 28, 2016.
{{cite web}}
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(help) - ^ "Poughkeepsie native named CEO of Delta Air Lines". Poughkeepsie Journal. April 5, 2016.
- ^ "Metro Atlanta Chamber Announces 2021 Chair And Launches New Digital Tool To Promote The Region". Metro Atlanta Chamber. November 29, 2018.
- ^ "The World's 50 Greatest Leaders". Fortune . April 19, 2018.
- ^ "2018 Georgia Trustees". Georgia Trend. February 2018.
- ^ "Q&A with Ed Bastian, 2017 Most Admired CEO". Atlanta Business Chronicle. July 31, 2017.