United Continental remained silent on the medical condition of its new chief executive officer, who was admitted to the hospital Thursday, prompting questions from observers about who will lead the company in his absence.
"The company anticipates it will today conclude the corporate governance process necessitated by the hospitalization of president and CEO, Oscar Munoz," Henry L. Meyer III, non-executive chairman of the board, said in a statement Monday. "The company expects to release more details either later today or tomorrow. In the meantime, the United family's thoughts and well-wishes are with Oscar."
The airline said Friday that Oscar Munoz had been admitted to a hospital without providing further details. A source familiar with situation told Reuters the 56-year-old had suffered a heart attack.
However, as of Sunday night, United had declined to provide any updates about Munoz' health or state who will handle his responsibilities.
"We need to know who is speaking on the behalf of the company and who is accountable for the decisions of this great airline," said Jeffrey Sonnenfeld, a corporate governance expert and a professor at the Yale School of Management.