Doug Parker Biography – Doug Parker Wiki
Doug Parker (born William Douglas Parker) is chairman and chief executive officer of American Airlines Group and American Airlines, its principal subsidiary company. He was named chairman and chief executive officer in 2013.
Previously, Doug was chairman and CEO of US Airways. Under Doug’s leadership, US Airways achieved record revenue growth, operational performance and profit margins that outpaced most industry peers. Before the merger of US Airways and America West Airlines in 2005, Doug was chairman, president and chief executive officer of America West. He became the CEO at America West just 10 days before Sept. 11, 2001, and led the carrier through the crisis.
His experience prior to joining America West in 1995 includes four years with Northwest Airlines as vice president, assistant treasurer and vice president of Financial Planning and Analysis. From 1986 to 1991, he held a number of financial management positions with American.
He serves as the chairman of the Airlines for America (A4A) Board of Directors and also sits on the International Air Transport Association (IATA) Board of Governors and oneworld Governing Board. He is also a member of the Vanderbilt University Board of Trust and the SMU Cox School of Business Executive Board.
He earned a Bachelor of Arts degree in economics from Albion College in 1984 and a Master of Business Administration degree from Vanderbilt University in 1986.
Doug Parker Retirement
On Tuesday, December 07, 2021, American Airlines Group Inc. announced Doug Parker will retire as chief executive officer of American Airlines on March 31, 2022. Robert Isom, currently president of American, will succeed him. Isom also will join the airline’s board of directors on that same date, and Parker will continue to serve as chairman of American’s board.
“I have worked with Robert for two decades and I am incredibly pleased that he will be the next CEO of American Airlines, which is truly the best job in our industry,” Parker said. “Robert is a collaborative leader with deep operational expertise and global industry experience. His efforts to guide and support our team throughout the pandemic have been nothing short of phenomenal. We are well-positioned to take full advantage of our industry’s recovery, and now is the right time for a handoff we have planned and prepared for. I feel extremely fortunate to hand the reins to this clear and capable leader.”
He added: “It has been the privilege of my life to serve for 20 years as an airline CEO. I am forever grateful to the American team, whose commitment to taking care of each other and our customers has never wavered and will continue to drive our success going forward.”
Lead Independent Director John Cahill said, “Over the span of his 35-year career, Doug has been an architect and advocate for a more vibrant, resilient and secure aviation industry. At American, Doug has overseen unprecedented investment in our team and our product and set the standard for servant leadership, tirelessly championing our people and establishing an accessible and inclusive culture. We look forward to continuing to benefit from Doug’s sound judgement, deep industry knowledge, persistence and optimism as chairman of our board.”
Doug Parker Age
He was born William Douglas Parker in 1962.
Doug Parker Wife
He has been married to his wife, Gwen Parker, since 1990,
Doug Parker Family
He and his wife, Gwen Parker, have three children: Jackson, Luke and Eliza.
Doug Parker Salary
As Chairman and Chief Executive Officer of American Airlines Group and American Airlines, Doug Parker received $10,657,505 in total compensation for the fiscal year ended December 31, 2020. $10,624,000 was awarded as stock and $33,505 came from other types of compensation, according to salary.com. Yahoo Finance reported that he received a pay [Pay is salary, bonuses, etc.] of 33.51k for the fiscal year ended December 31, 2020.
Doug Parker Net Worth
He has an estimated net worth of $50 million.