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What Is Going On At Pinnacle?  
User currently offlineapodino From United States of America, joined Apr 2005, 4280 posts, RR: 6
Posted (2 years 11 months 3 weeks 2 days 23 hours ago) and read 2364 times:

This company appears to be an absolute mess. Not long ago CEO Phil Trennary was ousted and replaced by Sean Meinke. Today, it was announced that their COO Doug Shockey has "resigned" and been replaced by John Spanjers, who is one of the Mesaba higher ups.


A CEO change and a COO change in the span of a couple of months, coupled with a messy integration in their workgroups and the stock at a 52 week low? What the heck is going on at that company?

2 replies: All unread, jump to last
 
User currently offlinemariner From New Zealand, joined Nov 2001, 25276 posts, RR: 85
Reply 1, posted (2 years 11 months 3 weeks 2 days 23 hours ago) and read 2320 times:
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A new broom sweeps clean?

Pinnacle has a new CEO with some experience of restructuring and he is building his team. He has already brought in Ted Christie, who was with him through the Frontier bk, as CFO:

http://www.commercialappeal.com/news...x-frontier-exec-lands-at-pinnacle/

I wouldn't pay much attention to the stock being at a 52 week low. Most airline stocks are floundering around down there.

mariner



aeternum nauta
User currently offlinebhmdiversion From United States of America, joined Dec 2008, 460 posts, RR: 0
Reply 2, posted (2 years 11 months 3 weeks 2 days 16 hours ago) and read 2091 times:

This was announced via company email that went out last Thursday. Hopefully, good things will come.

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