US Airways have confirmed that one of its Board members, ACE Aviation Holdings Chairman, President and CEO Robert Milton has resigned his position on the airline’s Board of Directors.The change is in accordance with the terms of the original Stockholders Agreement entered into between ACE and US Airways. ACE is the parent holding company of Air Canada. The announcement comes following completion of the sale of 1.75 million shares of US Airways Group shares by ACE to PAR Capital Investment Partners.
Milton joined the US Airways board in September 2005 as a result of ACE’s investment in the new US Airways and its merger with America West. The Company has not announced a replacement and effective with his departure will have 12 members on its Board.
US Airways Chairman, President and CEO Doug Parker said, “We are extremely appreciative of Robert’s support of our merger as demonstrated by ACE’s initial investment in the new US Airways last fall. Robert is an outstanding executive who was a significant contributor to our board as we worked to establish our integration plan. Most importantly, ACE’s investment has brought Air Canada and US Airways together in a productive partnership that includes code sharing, maintenance and ground handling agreements. This relationship will continue and we thank Robert for his vision and support.”
“Our participation in the merger of US Airways and America West has proven to be a win-win partnership for ACE and the new US Airways,” said Robert Milton, Chairman, President and CEO of ACE Aviation Holdings Inc. “Working with Doug Parker and his team has strengthened my belief that they are amongst the most capable management teams in the industry today. We wish them success as they continue to build a new US Airways and look forward to an ongoing relationship on a range of commercial agreements.”
Elsewhere the company announced that Brad Beakley has been named vice president, reservations and inventory services. In his new position, Beakley, 38, will oversee worldwide reservations, customer call centers and inventory services, which provides the intermediary between front line reservations, airport operations and revenue management. Beakley previously held the position of managing director, revenue management at US Airways.
The airline also appointed Tom Trenga, 41, to the position of vice president, revenue management. Trenga’s new responsibilities include managing the airline’s revenue management functions, including pricing and tariffs, yield management and revenue analysis. Trenga was previously a managing director in the airline’s revenue management department. Both executives replace current open positions, so with these two appointments the total number of officer level positions at the airline remains at 36.
“We are extremely fortunate to have a strong team comprised of employees from both the former America West and US Airways who possess broad experience and the ability to take on larger roles,” said Scott Kirby, US Airways’ executive vice president, sales and marketing. “Both of these executives bring technical expertise to their respective areas of responsibility as well as a high level of excitement for the new US Airways.”
Prior to joining US Airways in 2003 Beakley spent more than 10 years in revenue management related positions at American Airlines, SABRE and AMR Services. He began his career at American working in reservations. Beakley holds a bachelor’s of business administration from Abilene Christian University, Abilene, Texas.
Trenga joined US Airways merger partner America West Airlines in 1996 as a route planning and scheduling analyst. Throughout his tenure with America West he has served as director, Internet distribution, senior director, pricing and tariffs and senior director, yield management. Tom holds a master of business administration from Vanderbilt University, Nashville, Tenn. and a bachelor of arts in economics from Cornell University, Ithaca, New York.