Glenn Tilton
American oil and airline industry executive (born 1948)
Glenn Fletcher Tilton (born April 1948, in Washington, D.C.) is a retired American oil and airline industry executive. Tilton spent most of his career working for Texaco, and as CEO guided its merger with Chevron Oil in 2001.2
From Wikipedia’s article on Glenn Tilton (this version), CC BY-SA 4.0.
Born 1948.1
About
He was chairman, president, and CEO of UAL Corporation from 2002 to 2010. He stayed on as non-executive chairman of United Continental Holdings Inc., (NYSE:UAL), the parent company of the merged United Airlines, Inc. and Continental Airlines, Inc. from October 1, 2010, until 2012. Tilton was Midwest chairman and a member of the executive committee at JP Morgan Chase (NYSE:JPM), from June 6, 2011, until his retirement in June, 2014.
Tilton is a former chairman of the Air Transport Association, the industry trade organization representing U.S. airlines.
From Wikipedia’s article on Glenn Tilton, shared under CC BY-SA 4.0.2
Companies
- AbbVieBoard member Jan 1, 2013 to now12
- Phillips 66Board member 2012 to now13
- Abbott LaboratoriesBoard member Apr 27, 2007 to Apr 28, 202314
- Corning Inc.Board member Dec 1, 2010 to Feb 3, 201215
- United AirlinesChief executive officer 2002 to 201216
- Lincoln National CorporationBoard member Jul 2, 2003 to May 8, 200717
Holdings
Stock this person has reported owning, from the forms officers and directors file with the SEC. See the biggest insider stakes.
Shares held
Abbott Laboratories ABT46,478 shares18$4.9M at $104.87May 3, 2022
As of each latest filing. The line shows shares held over time.
Recent filings
- Apr 29, 2022Granted 1,602 shares of Abbott Laboratories18
- Apr 23, 2021Granted 1,499 shares of Abbott Laboratories19
- Apr 24, 2020Granted 1,974 shares of Abbott Laboratories20
- Apr 26, 2019Granted 2,241 shares of Abbott Laboratories21
- Apr 27, 2018Granted 2,945 shares of Abbott Laboratories22
- Apr 28, 2017Granted 3,437 shares of Abbott Laboratories23
- Apr 29, 2016Granted 3,799 shares of Abbott Laboratories24
- Apr 24, 2015Granted 2,793 shares of Abbott Laboratories25
- Apr 25, 2014Granted 3,535 shares of Abbott Laboratories26
- Apr 26, 2013Granted 3,097 shares of Abbott Laboratories27
- Apr 27, 2012Granted 1,819 shares of Abbott Laboratories28
- Apr 29, 2011Granted 2,167 shares of Abbott Laboratories29
- Apr 23, 2010Granted 2,108 shares of Abbott Laboratories30
- Apr 24, 2009Granted 2,465 shares of Abbott Laboratories31
- Feb 25, 2009Bought 2,000 shares at $53.63 of Abbott Laboratories32
- Apr 25, 2008Granted 1,917 shares of Abbott Laboratories33
- Sep 18, 2007Bought 4,390 shares at $52.49 of Abbott Laboratories34
- Apr 27, 2007Granted 1,730 shares of Abbott Laboratories35
Early life and education
- Date not recordedUniversity of South Carolina3
Tilton grew up in Latin America, and attended high school in Brazil, where his father worked for the United States' Central Intelligence Agency. After earning a bachelor's degree in International Relations from the University of South Carolina, Tilton wanted to start a career in the airline industry, but was warned against it by a family friend, the manager of the Pan American Airways Latin America Division. Tilton listened to the friend's advice and went on to follow his father's footsteps and join the C.I.A. but months before his start date, Tilton began a career in the private sector working for Texaco in 1970, servicing gas stations throughout Washington, D.C.
From Wikipedia’s article on Glenn Tilton (this version), CC BY-SA 4.0.
Career
Occupation: chief executive officer.11
- Since 2013Board member, AbbVie10
- Since 2012Board member, Phillips 669
- 2007 to 2023Board member, Abbott Laboratories8
- 2002 to 2010Chief executive officer, UAL Corporation4 5
- 2002 to 2012Chief executive, United Airlines7
- Date not recordedChief executive, UAL Corporation6
Tilton attained positions of increasing responsibility over the next three decades, and in early 2001 Tilton was briefly named chairman and chief executive officer before Chevron and Texaco merged to form ChevronTexaco Corporation. He was named vice chairman of the newly merged company in late 2001 and a few months later he was also named interim chairman of Dynegy, in which ChevronTexaco held a significant stake.
In September 2002, Tilton was recruited by the board of directors of the struggling UAL Corporation to be chairman, president, and CEO, replacing John W. Creighton Jr. as chairman and CEO, and Rono Dutta as president. The board believed that an airline outsider with bankruptcy experience such as Tilton could turnaround the struggling carrier. UAL Corporation and its subsidiaries filed for bankruptcy in December 2002, three months into Tilton's tenure.
What would follow would be one of the largest, longest, and most complex bankruptcy cases in American history. UAL Corporation operated in bankruptcy until February 2, 2006. Amid the succession of external crises spanning from the September 11 attacks to the Great Recession, UAL incurred $11.7 billion under Tilton's leadership.
Tilton is controversial for his stance as a major advocate for consolidation in the airline industry to reduce cost and capacity. Tilton has stated he believes it is the only way to end commercial aviation's cycles of booms and busts. Since 2006, Tilton had been searching for a merger partner for United Airlines. In May 2010, Tilton signed a deal to merge UAL Corporation with Continental Airlines, Inc. to form United Continental Holdings, Inc. of which Tilton was the first chairman of the board. As agreed prior to the merger of United and Continental, Tilton was replaced by CEO Jeff Smisek as chairman on December 31, 2012.
Tilton serves on the board of directors of Abbott Laboratories and a member of the U.S. Travel & Tourism Advisory Board. Tilton also serves on the board of trustees for the Field Museum and the Museum of Science and Industry, and the board for the Economic Club of Chicago, the Executives' Club of Chicago, and After School Matters, as well as on the civic committee of the Commercial Club of Chicago and the International Relations Advisory Council of Chicago 2016.
From Wikipedia’s article on Glenn Tilton (this version), CC BY-SA 4.0.
Personal life
Tilton and his wife, Jackie, have two children.
From Wikipedia’s article on Glenn Tilton (this version), CC BY-SA 4.0.
Links
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataGlenn Tilton on Wikidata
- 2WikipediaGlenn Tilton on Wikipedia
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12WikidataAbbVie, Board member
- 13WikidataPhillips 66, Board member
- 14Wikidata and SEC EDGARAbbott Laboratories, Board member
- 15SEC EDGARCorning Inc., Board member
- 16
- 17
- 18
- 19SEC EDGARForm 4 filed Apr 27, 2021
- 20SEC EDGARForm 4 filed Apr 28, 2020
- 21SEC EDGARForm 4 filed Apr 30, 2019
- 22SEC EDGARForm 4 filed May 1, 2018
- 23SEC EDGARForm 4 filed May 2, 2017
- 24SEC EDGARForm 4 filed May 3, 2016
- 25SEC EDGARForm 4 filed Apr 28, 2015
- 26SEC EDGARForm 4 filed Apr 29, 2014
- 27SEC EDGARForm 4 filed Apr 30, 2013
- 28SEC EDGARForm 4 filed May 1, 2012
- 29SEC EDGARForm 4 filed May 3, 2011
- 30SEC EDGARForm 4 filed Apr 27, 2010
- 31SEC EDGARForm 4 filed Apr 28, 2009
- 32SEC EDGARForm 4 filed Feb 27, 2009
- 33SEC EDGARForm 4 filed Apr 29, 2008
- 34SEC EDGARForm 4 filed Sep 19, 2007
- 35SEC EDGARForm 4 filed May 1, 2007