VOL. 127 | NO. 44 | Monday, March 05, 2012
Christie Leaves As Pinnacle CFO
By Bill Dries
The chief financial officer of Memphis-based Pinnacle Airlines Corp. is resigning effective the end of March.
Ted Christie was one of the first major hires made by Sean Menke when Menke became president and CEO of Pinnacle in July 2011.
Christie is leaving the regional air carrier as the company is undergoing a critical restructuring that could include filing for chapter 11 bankruptcy reorganization as well as seeking permanent wage cuts from employees.
He is leaving to become CFO at a “leading U.S. low cost airline,” according to the Pinnacle press release announcing his departure.
Christie took the position as vice president and chief financial officer on July 25. Christie and Menke had worked together when Menke ran Frontier Airlines and the two moved from there to Vista Strategic Group LLC, a consulting company.
“He has played a key role in developing our ongoing turnaround plan,” Menke said in a written statement. “And I appreciate his willingness to remain in place through the end of the month in order to continue supporting those activities and facilitate a smooth transition.”
Christie said he is “confident that the important work now underway will continue to move forward following my departure.”