CHICAGO - United Airlines Holdings, Inc. (NASDAQ:UAL) today announced the appointment of Michelle Freyre to its Board of Directors. Freyre, who is currently the President of Global Brands for Clinique and Origins at The Estée Lauder Companies, brings a wealth of experience in brand strategy and global business development.
United CEO Scott Kirby (NYSE:KEX) praised Freyre's track record, highlighting her ability to modernize and elevate the brands under her leadership. Chairman Ted Philip echoed this sentiment, expressing enthusiasm for the insights Freyre is expected to contribute to the airline.
Freyre's career includes over two decades of leadership roles, notably at Johnson & Johnson and Pepsi-Cola Company, before her current position at Estée Lauder. Her appointment follows the addition of Rosalind Brewer to the board earlier this year. Freyre's tenure will coincide with the departure of long-time directors James Kennedy and Carolyn Corvi, who are not seeking reelection.
In her statement, Freyre expressed her commitment to bringing a consumer-centric approach to United Airlines, a company she regards as iconic and transformative. She also acknowledged the significance of representing the Latina community in her new role.
Freyre's extensive background includes recognition by Fortune, Bloomberg, and the Association of Latino Professionals For America as one of America's Most Powerful and Influential Latinas in Business. Her educational credentials include a B.A. from Yale University and an MBA from Harvard Business School.
United Airlines, known for its comprehensive global route network, has recently claimed the title of the largest airline in the world. The company is traded on the Nasdaq stock exchange and continues to seek new talent as part of its growth strategy.
This news is based on a press release statement from United Airlines Holdings, Inc.
InvestingPro Insights
United Airlines Holdings, Inc. (NASDAQ:UAL) has been making strategic moves in the boardroom while also navigating the financial skies with noteworthy performance metrics. As Michelle Freyre brings her brand expertise to the table, investors may also be interested in the company's recent financial health and market position.
InvestingPro data shows that United Airlines operates with a market capitalization of $15.71 billion, reflecting its significant presence in the airline industry. The company's adjusted P/E ratio over the last twelve months as of Q4 2023 stands at an attractive 4.71, indicating that the stock is trading at a low earnings multiple compared to historical earnings. This could signal a potentially undervalued stock to value-focused investors.
Moreover, United's revenue growth has been robust, with a 19.49% increase over the last twelve months as of Q4 2023. This growth is a testament to the company's expansive global network and its ability to attract and retain customers. The strong return over the last three months, with a price total return of 16.04%, underscores the positive investor sentiment and the company's recovery trajectory in the post-pandemic era.
As for InvestingPro Tips, United Airlines is highlighted as a prominent player in the Passenger Airlines industry, with analysts predicting the company will be profitable this year. It's also worth noting that United does not pay a dividend to shareholders, which could be a factor for income-focused investors to consider.
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