United released the following, fairly cryptic statement this morning from Henry Meyer, non-executive Chairman of the Board–
The Company anticipates it will today conclude the corporate governance process necessitated by the hospitalization of President and CEO, Oscar Munoz. The company expects to release more details either later today or tomorrow. In the meantime, the United family’s thoughts and well-wishes are with Oscar.
Questions remain unanswered as to the severity of the heart attack and whether an interim CEO or a new permanent CEO will be named.
Why the post now? Because United’s trajectory could be fundamentally altered today. Let’s see what happens…