JP Morgan Chase Nabs Former United CEO
Glenn F. Tilton, United Airlines’ former chief executive, is staying put in Chicago. He’ll become chairman of the Midwest operations of J.P. Morgan Chase, the investment bank announced on Monday.
Glenn Tilton, left, with Larry Kellner.
It’s the job that was vacated by William Daley when he went to the White House to be President Obama’s chief of staff, and now it is getting another high profile occupant.
J.P. Morgan says Tilton will help recruit job candidates, oversee its regional charitable giving, coordinate government and public affairs initiatives, and maintain the bank’s relationships with elected officials.
In a news release, Jamie Dimon, the CEO of J.P. Morgan Chase said,
“The Midwest is an important and growing region for our company, and Glenn Tilton is an exceptionally accomplished executive who is uniquely suited to oversee our efforts there.”
Tilton stepped down as United’s CEO when United merged with Continental Airlines last fall, handing the reigns to Continental’s Larry Kellner. But Tilton serves as non-executive chairman of United Continental Holdings.
He guided United through a lengthy stint in bankruptcy during the middle of the last decade. Tilton, a former oil executive, also has been an active participant in the Chicago business and charitable scene.