The Board of Directors of AMR Corporation (NYSE: AMR) (the "Company"), the parent of American Airlines, Inc. ("American"), has named Thomas W. Horton chairman and chief executive officer of the Company, succeeding Gerard Arpey, who yesterday informed the Board of his decision to retire. Horton will also succeed Arpey as chairman and chief executive officer of American. Horton will continue to serve as President of AMR and American."Today, we entered a new phase in the evolution of this great company with a talented and experienced new leader, Tom Horton, succeeding Gerard Arpey, who skillfully led our company through some of its most challenging times," said Armando M. Codina, lead independent director of AMR. "With more than 22 years at American, Tom is ideally suited to guide the company through this next important period. Tom's experience in a different company and industry gives him a unique blend of experience and objectivity that will serve the company well as we work through this process to achieve a competitive cost structure. The Board has great confidence that, together, Tom and the industry's best workforce and management team will reaffirm American's position of pride and leadership among global airlines.
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