FlexJet shake up

[B314Clipper]

No comments about the shuffle at the top for FlexJet?

 

[justmeinmsp]

Too little, too late?

 

[hammer2]

Scary times! Time will tell, I hope contracts and aircraft sales mean more to Bombardier than they did to Textron...

 

[brokeflyer]

what happened?

 

[DUATS]

what happened?

Fred Reid "retired".

 

[ProFracPilot]

Fred Reid "retired".

I call BS. No one in corporate aviation management would voluntarily "retire" a week BEFORE an all-expense paid trip to the NBAA convention...

 

[doh]

I call BS. No one in corporate aviation management would voluntarily "retire" a week BEFORE an all-expense paid trip to the NBAA convention...

Methinks it were not "voluntary".

 

[B314Clipper]

Information contained on this page is provided by companies via press release distributed through PR Newswire, an independent third-party content provider. PR Newswire, WorldNow and this Station make no warranties or representations in connection therewith.

SOURCE Flexjet

DALLAS, Oct. 22, 2012 /PRNewswire/ -- (www.flexjet.com) – Flexjet, the Richardson, Texas-based division of Bombardier, announced today the appointment of Deanna White as President, effective immediately.

"Since joining Flexjet in 2005, Deanna has demonstrated a strong track record of identifying and maximizing opportunities to enable profitability," said Pierre Beaudoin, President and Chief Executive Officer, Bombardier Inc. "Deanna possesses a passion for driving strategic change and implementing business plans that support the organization's long term strategies. I am pleased to recognize her accomplishments with this appointment and look forward to her continued leadership as President of Flexjet."

Deanna White brings over 25 years of experience from a variety of positions of increasing responsibility. She joined Flexjet in 2005 as Director, Finance, was promoted to Senior Director, Finance in 2007, and in 2010 was promoted to Vice President of Finance and Administration. Prior to Flexjet, Deanna had a progressive 15-year career with GTE. During the GTE-Bell Atlantic merger into Verizon, she joined Genuity, an Internet company spun off from the merger, as Director of Accounting. She spent three years at Genuity before joining Flexjet.

Deanna holds a Bachelor of Science in Accounting from the University of Tampa and a Master of Business Administration from the University of Dallas. She is also a Certified Public Accountant in the state of Texas.

Deanna replaces Fred Reid, who is retiring from the organization.

"During Fred's tenure, he was a passionate promoter of Flexjet and fractional jet ownership. We thank him for his service to the Company and wish him well for the future," said Mr. Beaudoin.

 

[japhy]

I'm glad his boss finally fired ..... oopps I mean retired him. Good riddance. Lets see how well he does on TX unemployment.

 

[hammer2]

I'm glad his boss finally fired ..... oopps I mean retired him. Good riddance. Lets see how well he does on TX unemployment.

What would he need with unemployment when he has a lucrative retirement package from Delta...

 

[gutshotdraw]

In the press release, they forgot the line "Mr. Reid indicated he wanted to spend more time with his family..."

 

[luckydog]

The whole thing screams Involuntary Separation!

With 7 years of financial experience at the company Ms. White should know the internal workings of Flex, the question is, can she handle the external business?

It'll take a while to see how it works out.... but this is Flight Info where immediate results just aren't fast enough, so if she hasn't bought out Net Jets by the weekend we can all conclude she wasn't up to the job!

 

[gret]

The whole thing screams Involuntary Separation!

With 7 years of financial experience at the company Ms. White should know the internal workings of Flex, the question is, can she handle the external business?

It'll take a while to see how it works out.... but this is Flight Info where immediate results just aren't fast enough, so if she hasn't bought out Net Jets by the weekend we can all conclude she wasn't up to the job!

I think you are correct...but your timing is too aggressive.

 

[johnnyride24]

So the higher up figured FR out.

Heard he gets 200 hours per year for the next five years as part of his retirement.

 

[NJAowner]

A friend of mine knows a guy who saw someone who heard from a lineman that Ms. White may have been seen landing in CMH. But my cousins neighbor's third grade techer's son-in-laws college rommate saw her going into the FO building in Cleveland at the same time. And at the same very moment, I read that she was meeting with XOJet's former executives.

Wow - 3 sightings at the same time.

 

[dime line]

A friend of mine knows a guy who saw someone who heard from a lineman that Ms. White may have been seen landing in CMH. But my cousins neighbor's third grade techer's son-in-laws college rommate saw her going into the FO building in Cleveland at the same time. And at the same very moment, I read that she was meeting with XOJet's former executives.

Wow - 3 sightings at the same time.

No.. you got it wrong, the XO jet people were in Cleveland at the time with her!

 

[doylehargraves]

Hopefully this is the first step of many "retiring's" towards the top at Flex. Fred should switch to politics where promising the world and delivering NOTHING is revered and encouraged. He WAS FIRED, plain and simple. A retirement would entail a lavish party and a memo from Pierre stating what great accomplishments Fred had achieved but, that's not the case here now is it folks? What we had was an overnight firing, which is appropriate and ironic considering how Fred himself deals with "right sizing" to his own employees. Enjoy your tree house while watching and fantasizing about the Goonies you now insignificant little man.

 

[brokeflyer]

being fired and walking out the door with 50 million dollars....

maybe the employees should have employment contracts too.

 

[dashtrasher]

being fired and walking out the door with 50 million dollars....

Where did you get the 50 mil??

 

[brokeflyer]

being fired and walking out the door with 50 million dollars....

Where did you get the 50 mil??

thats just an average of what management type people get when they leave the company.

His maybe be as low as 25 million or as high as 75 million.

 

[dashtrasher]

So you really don't know and you're just taking a guess...

 

[jonjuan]

So you really don't know and you're just taking a guess...

That's his Alzheimer's talking.

 

[brokeflyer]

yes i know the actual number. its 50 million he got upon termination.

He'll be back in the news before too long as CEO of some other company.

 

[gret]

So you really don't know and you're just taking a guess...

You are correct. The guy always make outlandish comments about mgmt and has no basis whatsoever.

Now let's see how he comes back. It will be interesting and little bit hard to understand...but it will be exciting!

Can't wait!!!!

 

[greed]

No.. you got it wrong, the XO jet people were in Cleveland at the time with her!

I believe Richard Branson was there also asking if he could legally own %51 percent as a non citizen.

 

[brokeflyer]

You are correct. The guy always make outlandish comments about mgmt and has no basis whatsoever.

Now let's see how he comes back. It will be interesting and little bit hard to understand...but it will be exciting!

Can't wait!!!!

no one really cares what you think. A lot of pilots are out of work and maybe more will be out of work yet you care about what im talking about?

Everyone knows that when a upper manager is fired or quits they take a huge settlement payout.

Re-visit your priorities. or just stop posting, it makes you sound really ignorant.

 

[exagony]

no one really cares what you think. A lot of pilots are out of work and maybe more will be out of work yet you care about what im talking about?

Everyone knows that when a upper manager is fired or quits they take a huge settlement payout.

Re-visit your priorities. or just stop posting, it makes you sound really ignorant.

He probably is upper management - hence his defense of them....

 

[DirtyBeech]

Lengthy thread of fare thee wells in response to treehouse boy's departure on the company forum.

 

[greed]

Good luck to all that may be affected by this. Hopefully good gigs will come for all of you.

Greed

 

[SDCFI]

Lengthy thread of fare thee wells in response to treehouse boy's departure on the company forum.

Well at least Lightning Joe is gonna miss him!