Delta CFO steps down

Delta Air Lines announced yesterday that Executive VP and CFO Michael Palumbo has resigned "to pursue other opportunities" and is being replaced by Edward H. Bastian, a six-year Delta veteran who most recently was CFO at Acuity Brands Inc. Palumbo spent around 14 months at Delta, having joined the company following the resignation of Michelle Burns in April 2004. Bastian previously served at the airline as senior VP-finance and controller. Also yesterday Delta named Jim Whitehurst COO, a ...