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Republic CFO Cooper to step down in 2011

Republic Airways Holdings has announced today that Robert “Hal” Cooper, its executive vice-president and chief financial officer, has decided to retire from the airline industry.

Cooper will remain in his current role until a successor has been named and a transition is completed, which is expected to be in the first quarter of 2011.

“I am honoured to have spent over 11 years working with some truly fantastic people to build a great company. But after much thought and consideration, my family and I feel that now is the time to consider opportunities outside of the airline industry,” Cooper explained. “Our bench strength at Republic is strong and I’m committed to a seamless transfer of my responsibilities.”

Bryan Bedford, chairman and CEO of Republic Airways, commented, “I have worked with Hal for more than 18 years at three different airlines. He has made significant contributions at each and he will surely be missed. However, I also respect his decision and wish him and his family well in their future endeavours.”

Republic Airways will interview internal and external candidates for this role and has engaged the executive search firm Spencer Stuart to lead this effort. The company expects to name a replacement early in 2011, and work through an orderly transition.

During the transition period, Timothy Dooley, VP financial planning and analysis, and Joe Allman, VP and controller, will work closely with Cooper to ensure a successful transition of responsibilities.

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