Takes Nearly Identical Job With Virgin America
Pinnacle Airlines Corp. said Thursday that Vice President and
CFO Peter D. Hunt is leaving the company to become Senior Vice
President and Chief Financial Officer of Virgin America Airlines in
San Francisco. His last day at Pinnacle will be June 15.
"This was a difficult decision," Hunt said. "I love working at
Pinnacle and am very proud of the success we achieved and how we
met the challenges that are inherent in the airline industry. I
have confidence in Pinnacle, its people and its future growth
prospects, and am proud to have been part of shaping that
Pinnacle Board of Directors Chairman and Interim CEO Donald J.
Breeding said the Board will begin an immediate search for Hunt's
replacement in consultation with Sean Menke, who will become
Pinnacle's Chief Executive Officer on July 1. "The CFO plays a
vital role on any CEO's team, particularly during a time of change
and transition," said Breeding. "We view this as an
opportunity to bring in another strong CFO who will help us take
full advantage of our strong financial position."
"Peter is a key reason Pinnacle has bright prospects for
long-term growth. He is an exceptionally talented executive and
while we will certainly miss him, we wish him continued
"Peter brings strong financial expertise to the Company,
specifically in leading a growing airline as it prepares to enter
the public markets. His experience and talent will be
invaluable in shaping and leading our Company in the years ahead,"
said David Cush, President and Chief Executive Officer of Virgin
America. "We're pleased to welcome Peter to the team, and
know he will play a critical role at this stage of our growth and
development." Hunt will oversee the growing airline's
financial operations, including treasury, tax, financial planning
and analysis, accounting, external financial reporting, budgets,
procurement and fleet planning.
Hunt joined Pinnacle in December 2004. During his tenure, he
helped guide the acquisition of two regional airlines that
presently serve three of the world's largest major air carriers. In
2010, Pinnacle earned revenues of more than $1 billion with a fleet
of nearly 300 aircraft as one of the largest and most versatile
regional airlines in the world.