NWAC Northwest Airlines (MM)

EAGAN, Minn., Sept. 9 /PRNewswire-FirstCall/ -- Northwest Airlines (NASDAQ:NWAC) today announced that it has named David M. Davis as its new senior vice president - finance and controller. Davis will be responsible for the airline's accounting, financial planning, analysis and fleet planning functions. "Dave is a seasoned finance executive. His knowledge of the airline industry and previous experience with Northwest will be a valuable asset as we address the key issues facing Northwest and the industry today," said Neal Cohen, executive vice president and chief financial officer. Davis replaces Jeff Putnam who has resigned from the company. Davis rejoins Northwest after serving most recently as the chief financial officer of Houston-based KRATON Polymers, LLC. Prior to his position at KRATON, Davis was the executive vice president - finance and chief financial officer of US Airways where he led the company's finance functions, fleet planning, purchasing, information technology, corporate real estate, investor relations and internal auditing. In addition to his positions at KRATON and US Airways, Davis served as vice president - financial planning and analysis for Budget Group, Inc. as well as held key finance positions at both Delta Air Lines and Northwest Airlines. Northwest also announced that it has named Dan McDonald as vice president - finance and fleet planning, and Barry Hofer as vice president - financial planning and analysis. Both McDonald and Hofer will report to Davis. McDonald, who has more than 13 years of experience in airline planning, rejoins Northwest from DHL where he served as the senior vice president, network planning - the Americas. Prior to his tenure at DHL, McDonald was vice president - planning and scheduling at US Airways. Before that, he served as director of fleet planning at Delta Air Lines. He also held key management positions in finance at Northwest. Hofer has worked in market planning and financial planning and analysis at Northwest since 1994, serving most recently as managing director - financial planning and analysis. Prior to joining the company, Hofer held various positions at KPMG Peat Marwick. Davis holds a master's of business administration in finance and a bachelor's of science degree in aerospace engineering from the University of Minnesota. McDonald holds a master's of business administration from the University of Minnesota and a bachelor's degree from the University of North Dakota. Hofer graduated with a master's of business administration from the University of Michigan and a bachelor's of science degree in accounting from Kansas State University. Northwest Airlines is the world's fourth largest airline with hubs at Detroit, Minneapolis/St. Paul, Memphis, Tokyo and Amsterdam, and approximately 1,400 daily departures. Northwest is a member of SkyTeam, an airline alliance that offers customers one of the world's most extensive global networks. Northwest and its travel partners serve more than 900 cities in excess of 160 countries on six continents. DATASOURCE: Northwest Airlines CONTACT: Northwest Media Relations, +1-612-726-2331 Web site: http://www.nwa.com/

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