Northwest Airlines Announces Executive Changes in Airport Affairs and Finance

EAGAN, Minn.--()--Northwest Airlines (NYSE:NWA) today announced two executive appointments resulting from the retirement of a key executive who was instrumental in the design and construction of nearly $3 billion of facilities, including the 125-gate Northwest WorldGateway Terminal at Detroit Metro Airport, and in restructuring the airlines real estate portfolio in bankruptcy.

Jim Greenwald, vice president facilities and airport affairs, has elected to retire from Northwest effective July 31. Greenwald rejoined Northwest in December 2005 to assist the company in its facilities and airport restructuring efforts. Jim had previously retired from Northwest in early 2005.

Northwests state-of-the-art WorldGateway Terminal complex at Detroit is a fitting tribute to the many contributions Jim has made to Northwest during his 14-year career at the airline. His tremendous dedication and attention to detail are exemplified by the recent number two ranking of Detroit Metro Airport by J.D. Powers & Associates. Jim managed the design and construction of one of the most functional and beautiful airports in the world, Doug Steenland, Northwest president and chief executive officer, said. His steady hand will be missed and we certainly wish Jim well in retirement.

Barry Hofer, vice president financial planning & analysis, has been named to succeed Greenwald. In his new role, Hofer will report to Dave Davis, executive vice president and chief financial officer, and will be responsible for negotiation of all airport leases, corporate real estate, and worldwide design and construction programs. He has been with Northwest since 1994, and worked in a variety of marketing and financial planning roles.

Barrys extensive experience in airline market planning and financial analysis has prepared him to assume this key position as Northwests network continues to evolve in response to customer demand, Davis said.

Prior to joining Northwest, Hofer held various positions at KPMG Peat Marwick. He earned a master of business administration degree from the University of Michigan, and a bachelor of science degree in finance from Kansas State University.

Terry Mackenthun, managing director financial planning & analysis, has been named vice president financial planning & analysis, succeeding Hofer. Mackenthun, who joined Northwest in 1994, has held a number of key finance and marketing positions with the airline and was named a managing director in 2005.

Terry played a key role in our successful restructuring efforts, including creation of the companys multi-year business plan and the renegotiation of our regional airline service agreements. During his 13 years with Northwest, he has held a number of key positions in finance and marketing which have prepared him to take on a leadership role in our finance organization, Davis added.

Prior to joining Northwest, Mackenthun was a senior auditor for Ernst & Young LLP. He received his bachelor of arts degree in accounting and finance, summa cum laude, from Augsburg College.

Mackenthun will also report to Davis.

Northwest Airlines is one of the worlds 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 worlds most extensive global networks. Northwest and its travel partners serve more than 900 cities in excess of 160 countries on six continents.

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