|
Edward Bastian is president and Chief Financial Officer for Delta Air Lines at its world headquarters in Atlanta.
As president, Bastian and his team oversee and coordinate the Company's strategy from network planning and revenue management to sales, marketing and business development. In his role as CFO Bastian also served as the Company's Chief Restructuring Officer, leading Delta through one of the largest and most successful Chapter 11 restructuring processes in U.S. history, and doing so in 19 months. The solid business plan Bastian helped develop included $3 billion in annual financial improvements and garnered strong support from the company's creditors and employees. In addition to achieving an industry leading financial position, Delta's Plan of Reorganization included an innovative compensation program for Delta employees including stock, cash payouts and pay increases.
Bastian joined Delta in October 1998 as vice president of Finance and Controller and was promoted to senior vice president in February 2000. In that role, Bastian guided the company through profit improvement initiatives garnering $5 billion in cost savings and revenue benefits between 2002 and 2004.
Bastian left Delta in early 2005 to become senior vice president and Chief Financial Officer of Acuity Brands. He returned to Delta in July 2005 as CFO and was promoted to president in August 2007.
Bastian previously worked for PepsiCo where he served as Vice President of Finance for Pepsi Cola International. While at PepsiCo he had also served as Vice President of business processes reengineering for Frito-Lay and Vice President, Finance and Controller for Frito-Lay International. Prior to PepsiCo, Bastian was a partner in the New York audit practice of Price Waterhouse specializing in the entertainment, advertising and manufacturing sectors, and also served as the strategic planning partner for Price Waterhouse's New York Region.
A 1979 graduate of St. Bonaventure University with a BBA, Bastian currently serves on the International Board of Directors of Habitat for Humanity and the Woodruff Arts Center in Atlanta. Bastian lives in Atlanta with his wife, Anna, and their four children. | 