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Frederic (Jake) Brace is executive vice president and chief financial officer of UAL Corporation and United Airlines, its principal subsidiary company. He is based at the company’s headquarters in Chicago.
He is responsible for treasury, tax, the controller function, budgets, financial planning and analysis, internal audits, accounting, and external financial reporting. He also is responsible for corporate real estate, mergers and acquisitions, fleet planning, and restructuring activities.
Brace joined United in May 1988 as manager-Operating Budgets. He served in various positions including director-Financial Planning, vice president-Corporate Development, vice president-Financial Analysis and controller, vice president-Finance, senior vice president-Finance and senior vice president and chief financial officer before assuming the position of executive vice present and chief financial officer in August 2002. In December 2002, he was also named chief restructuring officer. Prior to joining United, Brace served in a variety of financial management positions with American Airlines in Dallas, Texas.
He holds a master’s degree in business administration from the University of Chicago and a bachelor’s degree in industrial engineering from the University of Michigan at Ann Arbor. Brace currently serves on the board of directors for SIRVA, a relocation services company, and as a trustee for the Museum of Science and Industry in Chicago. He also served on the board of directors for Equant, GetThere.com and Galileo and was chairman of the board of directors of United Airlines Employees’ Credit Union. | 