Spirit Airlines Announces Succession Plan
December 13 2017 - 9:13AM
Spirit Airlines (NASDAQ:SAVE) announced today that Ted Christie,
Executive Vice President and Chief Financial Officer, will assume
the position of President and will join the company’s Board of
Directors effective on January 1, 2018. In his management
role, Christie will have overall responsibility for the finance,
revenue, operations, IT and human resources functions of
Spirit’s business. Christie will become Spirit’s Chief
Executive Officer on January 1, 2019, succeeding Bob Fornaro.
“Spirit is fortunate to have a talented executive like Ted on
hand as its next leader, which allows for a smooth and orderly
transition,” said Mac Gardner, Spirit Airlines Chairman of the
Board. “Over the past two years as CEO, Bob has led a real
transformation at Spirit, driving dramatic improvements in
operational reliability and in the customer experience while
strengthening our executive team. He has also provided nimble,
experienced leadership through a volatile competitive
environment.”
Christie joined Spirit in 2012 as Senior Vice President and
Chief Financial Officer, and in 2017 assumed the role of
Executive Vice President with the additional responsibility of
marketing, pricing, revenue management and scheduling.
“I’ve known Ted for over 10 years, as a competitor, board member
and as a colleague in management. I am confident that the company
and our team will respond very favorably to his leadership,” said
Bob Fornaro, Spirit Airlines President and CEO. “I’m really proud
of what the whole Spirit team has accomplished. We’ve steadily
improved our operational reliability and have introduced
significant new technology and processes that allow us to run
better and improve our guest experience. In 2018, I expect us to
continue investing in the operation to further improve reliability
and push down costs. We also will focus on concluding a mutually
beneficial agreement with our pilots.”
“I am appreciative of all the support from Bob and the Board,
and am delighted to continue working with the Spirit team,” said
Christie. “With our improved operations, balanced growth and stable
costs, I’m confident we will strengthen our position as the leading
ultra low-cost carrier in the Americas.”
About Spirit Airlines: Spirit Airlines
(NASDAQ:SAVE) is committed to offering the lowest total price to
the places we fly, on average much lower than other airlines, on
average more than 30% less*. Our Guests start with an unbundled
Bare Fare™ and get Frill Control™ which allows them to pay only for
the options they choose – like bags, seat assignments and
refreshments – the things other airlines bake right into their
ticket prices. We help people save money and travel more often,
create new jobs and stimulate business growth in the communities we
serve. Our Fit Fleet is one of the youngest, most fuel-efficient in
the U.S. We operate more than 450 daily flights to 60
destinations in the U.S., Latin America and the Caribbean. Come
save with us at www.spirit.com.
*U.S. Department of Transportation statistics
MEDIA NOTE: Spirit aircraft photos and video b-roll are
available in the press room section of spirit.com at
http://www.spirit.com/Pressrelease.aspx.
Contact: Stephen Schuler
954-364-0231
Stephen.Schuler@spirit.com
En Español: Brittany Portalatin
954-364-0243
Brittany.Portalatin@spirit.com
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