US Airways


announced Monday that it has appointed Ronald Stanley as its new chief financial officer.

The carrier -- which is now operating under Chapter 11 bankruptcy protection and is in the process of solidifying a broad cost-cutting plan, including massive concessions from its pilots and other labor groups -- said Stanley is replacing David Davis, who is resigning to accept a position with Kraton Polymers, based in Houston.

Stanley joined the US Airways board of directors this May, serving as chairman of the board's audit committee, the airline said.

US Airways also said its board elected George Philip, executive director of the New York State Teachers' Retirement System, to serve as a director on the airline's board.