A new executive is taking the financial controls at
The Eagan, Minn. airline has it hired Neal Cohen, 45, as chief financial officer. He replaces Bernard Han, who the airline says has resigned. A Northwest spokesman wouldn't comment on why Han left or his plans.
Cohen is no stranger to Northwest. From 1991 to 2000, he held a number of senior marketing and finance positions at the company, including treasurer. More recently, he was CFO at
from April 2002 to April 2004.
"Neal brings first-hand knowledge of Northwest to his new job," said Doug Steenland, Northwest's CEO, in a news release. "This familiarity will be very helpful as we continue to take the steps necessary to ensure that Northwest remains a long-term player in the industry."
The airline has a strong cash position vs. some of its rivals. But Northwest contends its must cut labor costs to remain competitive in the current airline environment, where high fuel costs and low fares have put most major carriers in the red.
Shares fell 8 cents, or 1.6%, to $4.94.