CHICAGO,
May 10 /PRNewswire-FirstCall/ -- UAL Corporation (Nasdaq: UAUA),
the holding company whose primary subsidiary is United Airlines, announced
today that its shareholders re-elected each of United's directors for a
one-year term at the Company's 2007 Annual Meeting.
Each of the 10 directors standing for election by the common stockholders
of the Company was re-elected:
-- Richard J. Almeida - retired Chairman and Chief Executive Officer of
Heller Financial, Inc.
-- Mary K. Bush - President of Bush International, a global consulting
firm
-- W. James Farrell - retired Chairman and Chief Executive Officer of
Illinois Tool Works, Inc., an engineering components manufacturer
-- Walter Isaacson - President and Chief Executive Officer of the Aspen
Institute, an international education and leadership organization;
former Chairman and Chief Executive Officer of CNN
-- Robert D. Krebs - retired Chairman and Chief Executive Officer of
Burlington Northern Santa Fe Corporation
-- Robert S. Miller - Chairman of Delphi Corporation, a supplier of
mobile electronics and transportation systems; former Non-Executive
Chairman of Federal Mogul Corporation, an auto parts supplier, and
Chairman and Chief Executive Officer of Bethlehem Steel Corporation
-- James J. O'Connor - retired Chairman and Chief Executive Officer of
Unicorn Corporation, a holding company, and its wholly owned
subsidiary, Commonwealth Edison Company
-- Glenn F. Tilton - Chairman, President and Chief Executive Officer of
UAL Corporation and its wholly owned subsidiary, United Air Lines,
Inc.; Vice Chairman of ChevronTexaco Corporation; Chairman of the
Board and Chief Executive Officer of Texaco, Inc.
-- David J. Vitale - Senior Advisor to the Chief Executive Officer of the
Chicago Public Schools and the former Chief Administrative Officer of
the Chicago Public Schools; former private investor; former President
and Chief Executive Officer of the Chicago Board of Trade and Vice
Chairman of the First Chicago NBD Corporation
-- John H. Walker - former Chief Executive Officer and President of the
Boler Company, a transportation manufacturer; former Chief Executive
Officer, President and Chief Operating Officer of Weirton Steel
Corporation
In addition, holders of two classes of preferred stock -- the Class Pilot
MEC Junior Preferred Stock and the Class IAM Junior Preferred Stock --
re-elected incumbents Mark A. Bathurst and Stephen R. Canale as UAL directors.
Mr. Bathurst is Chairman of United Airlines ALPA-MEC (Air Line Pilots
Association - Master Executive Council) and Captain, United Airbus 320; Mr.
Canale is President and Directing General Chairman of the IAM (International
Association of Machinists and Aerospace Workers) District Lodge 141.
Glenn F. Tilton, Chairman, President and Chief Executive Officer of UAL
Corporation and United Air Lines, Inc., said, "We are pleased that our
shareholders re-elected United's world-class board, which comprises recognized
business leaders who provide valuable input and oversight."
"We are here today as a much stronger and more competitive company,
executing on our performance agenda to optimize revenue, reduce costs and
improve the customer experience," Tilton continued. "We have created a solid
financial platform for our company. We are generating significant free cash
flow, which is important to the future stability of our company, and our
ability to succeed in a hyper-competitive environment and navigate the
inevitable industry economic downturns."
Tilton also noted that Institutional Shareholder Services (ISS) last week
advised United that it outperformed 98 percent of the 8,000 companies ISS
reviewed for quality of corporate governance.
Final voting tallies are subject to certification by the Company's
inspectors of elections, and will be included in the Company's next quarterly
report filed with the Securities and Exchange Commission.
About United
United Airlines (Nasdaq: UAUA) operates more than 3,600* flights a day on
United, United Express and Ted to more than 210 U.S. domestic and
international destinations from its hubs in Los Angeles, San Francisco,
Denver, Chicago and Washington, D.C. With key global air rights in the
Asia-Pacific region, Europe and Latin America, United is one of the largest
international carriers based in the United States. United also is a founding
member of Star Alliance, which provides connections for our customers to 855
destinations in 155 countries worldwide. United's 55,000 employees reside in
every U.S. state and in many countries around the world. News releases and
other information about United can be found at the company's Web site at
united.com.
*Based on the flight schedule between Jan. 1, 2007 and Dec. 31, 2007.
Worldwide Press Office:
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