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J.P. Morgan taps former United CEO to head Midwest business

J.P. Morgan Chase is naming former United Airlines CEO Glenn Tilton as chairman of its Midwest business and a member of its executive committee.

Tilton will oversee the firm's regional charitable budget, coordinate regional government and public affairs initiatives and maintain relationships with elected officials.

United's former boss retired from the top spot at parent company UAL Corp. last October after its merger with Continental. Before his time at United, Tilton spent 32 years with oil giant Texaco. He's also a director on the boards of Abbott Laboratories, Corning Inc. and Northwestern Memorial Hospital.

Tilton succeeds Bill Daley, brother of former Chicago Mayor Richard M. Daley, who left J.P. Morgan Chase this year to become White House chief of staff.

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