The following statement made by America West CEO Bill Franke seems to suggest he may be on his way out of the company, which could create a beginning for the airline. What do you think?
Dear America West Employees:
At the meeting of the America West Board of Directors scheduled for August 22, 2001, I intend to recommend that, consistent with the company’s management succession plan, Doug Parker be elected chief executive officer of America West Holdings Corporation and America West Airlines.
In a business as dynamic as an airline there is arguably never that moment of perfect calm suitable for transitioning management. The fact is, however, that Doug has for more than two years been intimately involved in the key decisions at America West. He's ready for the additional responsibility, is entitled to the opportunity and is up to its challenges. Doug is bright and articulate and relates well with our employees. His success in leading the turnaround of our airline's operations is particularly noteworthy.
I am convinced he will provide the energy and commitment necessary for the long-term success of America West.