Pinnacle names fifth CEO in less than two years

Washington DC
Source:
This story is sourced from Pro
See more Pro news »

Pinnacle Airlines will have a fifth chief executive appointed in less than two years after the US-based regional carrier exits bankruptcy proceedings.

Former Comair CEO Ryan Gumm is now senior vice president and chief operating officer at Pinnacle. He will replace current Pinnacle CEO John Spanjers once the Chapter 11 bankruptcy filing is closed. Spanjers, who was appointed to replace Sean Menke less than a year ago, is retiring, Pinnacle says.

Pinnacle filed for Chapter 11 bankruptcy protection on 1 April last year, and released an evolving series of restructuring plans to keep pace with changes in the fleet network of Delta Air Lines.

Delta is taking over Pinnacle Airlines after the carrier exits bankruptcy, having shed the operations of Colgan Air and restructured around large regional jet flying for Delta only.