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Delta announces post-bankruptcy board of directors

ATLANTA - Delta Air Lines Inc., the nation's third-largest carrier, has picked a new 11-member board of directors for when it emerges from bankruptcy protection that includes current and former executives at big U.S. companies.

The list includes the former head of Eastman Kodak Co. and the former head of rival Northwest Airlines Corp.

Delta Chief Executive Officer Gerald Grinstein is among the board members who will serve as directors after the Atlanta-based company emerges from Chapter 11 on April 30.

Grinstein plans to step down as CEO once the new board picks a successor for him.

The non-executive chairman of the new board will be Daniel A. Carp, who does not work as a Delta executive.

Delta has a confirmation hearing on its reorganization plan set for April 25. If the plan is confirmed by the U.S. Bankruptcy Court in New York, the new board of directors will take office on the effective date of the plan.

The following 10 outside directors will join Grinstein on the new board: Richard H. Anderson, executive vice president of UnitedHealth Group Inc. and former CEO of Eagan, Minn.-based Northwest; John S. Brinzo, chairman of Cleveland-Cliffs Inc.; Carp, former chairman and CEO of the Eastman Kodak Co.; Eugene I. Davis, chairman and CEO of Pirinate Consulting Group LLC; Richard K. Goeltz, former vice chairman and chief financial officer of American Express Co., a major Delta creditor; David R. Goode, former chairman of Norfolk Southern Corp.; Victor L. Lund, former chairman and CEO of American Stores Co.; Walter Massey, president of Morehouse College in Atlanta; Paula Rosput Reynolds, president and CEO of Safeco Corp.; and Kenneth B. Woodrow, former vice chairman of Target Corp.

Goode, Grinstein, Reynolds and Woodrow are members of Delta's current board.

While the choice of Anderson for Delta's new board could re-ignite speculation about a future merger between Delta and Northwest, both airlines have aggressively sought in the past to deny that they plan to link up anytime soon.

Earlier this year, Delta disclosed it had considered a ''business combination'' with Northwest, but it said it never entered a stage of negotiations on a combination. Northwest's current CEO, Doug Steenland, has said his airline, which also is in bankruptcy, has no plans to merge with anyone this year. Plans beyond that are not clear.