St. Paul, MN – March 5, 2008 - Sun Country Airlines announced today, Stan Gadek will be joining the airline as CEO/President.
Gadek comes to Sun Country from AirTran where he held the position of Sr. VP Finance and CFO since 2000. “Stan is a great addition to the Sun Country Airlines team,” said Tom Petters, Sun Country’s Chairman. “Stan brings us extensive airline experience with a low cost carrier and a disciplined leadership style which will be key to executing on our plan.”
Jay Salmen who is President of Petters Aviation has been serving as interim CEO will continue to serve as Vice Chairman of the Board and work with the management team. Petters Aviation, a division of Petters Group Worldwide, is the majority owner of Sun Country. “In this difficult industry Stan’s extensive experience in M&A, debt and equity financing will be of significant value to Sun Country. He also has great people skills which will fit well in the Sun Country culture,” Salmen said.
“I look forward to joining the team at Sun Country and continuing the growth of our brand and reputation for quality service,” Gadek said.
Gadek will assume his role on March 10.
About Sun Country Airlines
Sun Country Airlines, privately held by Petters Group Worldwide, is based in St. Paul, Minnesota. Sun Country, which has earned a reputation for offering world class service at an affordable price, recently was named to the top 10 lists of domestic airlines in both Travel+Leisure and Condé Nast Traveler. The airline has increased frequency to its popular destinations including New York, Washington, D.C., Los Angeles and San Francisco, West Palm Beach and Tucson. For a complete list of destinations and more information, please visit www.SunCountry.com.
About Petters Group Worldwide
Petters Group Worldwide is a privately held company with investments in a dynamic collection of companies around the world. As an active manager, Petters Group supports these organizations by achieving investment synergies with services, financing and leveraging resources to support growth. The core areas of focus for Petters Group are brand management, media and marketing, aviation, real estate & hospitality, learning and investment capital. For more information, visit www.pettersgroup.com.
Contact:
Andrea Miller
Director Corporate Communications
Petters Group Worldwide
952-975-4825
andrea.miller@pettersgroup.com
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