Delta Air Lines Inc.
said it has tapped
General Electric Co.
executive, as finance chief, effective July 12.
Mr. Janki will succeed
the airline’s previous CFO who left for
General Motors Co.
last year. Executives
had stepped in as interim co-CFOs.
Mr. Janki, 53 years old, has served as the president and chief executive of GE Power Portfolio since October 2020. He was GE’s senior vice president of business transformation and also served in other roles.
Mr. Janki’s initial annual base salary will be $650,000, the company said. He will receive a cash signing bonus of $1.5 million and an initial equity award of shares of Delta stock equaling $4.5 million divided by the closing stock price on the date of grant, Delta added.
Delta said his target award under the company’s management incentive plan for 2021 will be 175% his annual base salary, prorated for actual service for the year, and his target award opportunity under the company’s long-term incentive program for the year is expected to be $4.5 million.
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