Posted on: 26 May 2011 by Ross McSweeny
The board of directors of Republic Airways Holdings has appointed David Siegel as lead independent director of the airline holding company’s board.
Siegel has been a member of the board since 2009 and serves as chairman of the Compensation Committee.
Among other things, the lead independent director chairs executive sessions of the independent directors, serves as a spokesperson for the independent directors, and acts as a liaison between the other independent directors and Company management, auditors and counsel.
"The lead director position was created to provide greater independence and transparency to the operation of the board and oversight of the management team," explained Bryan Bedford, chairman, president and CEO of Republic Airways. "The new position is another step in our ongoing efforts to implement best practices for corporate governance."
Siegel’s commercial aviation experience spans more than two decades. Most recently he served as chairman and chief executive officer of XOJET, a private aviation company. He stepped down in 2010, but remains a board member. He previously served as chairman and chief executive officer of gategroup, and also remains on that company’s board. Prior to gategroup, Siegel was president, chief executive and board member of US Airways Group when that airline ordered its first Embraer E-Jets.
As CEO of Continental Express in 1996, Siegel signed a landmark order for Embraer ERJ 145s at the Farnborough Airshow.