Posted on: 02 June 2011 by Ross McSweeny
Pinnacle Airlines Corporation has announced that vice-president and CFO Peter Hunt will leave on 15 June to become senior vice-president and chief financial officer of Virgin America based in San Francisco.
"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 legacy."
Pinnacle’s chairman and interim CEO, Donald Breeding said an immediate search will begin for Hunt’s replacement in consultation with Sean Menke, who will become Pinnacle’s chief executive officer on 1 July.
Hunt joined Pinnacle in December 2004. During his tenure, he helped guide the acquisition of two regional airlines (Colgan Air and Mesaba Aviaton) 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 regional airlines in the world.