New finance boss lands at Spirit

18th Jan 2007

Spirit Airlines announces the appointment of David W. Lancelot to the position of Chief Financial Officer.Effective immediately, Mr. Lancelot will direct Spirit’s finance and accounting organization which includes treasury, corporate tax, internal audit, financial planning as well as the controller functions of the company. Mr. Lancelot will succeed John Severson who has served in the role of Chief Financial Officer for Spirit Airlines since 1997.

Mr. Lancelot brings to Spirit over 18 years of airline and finance experience, holds a Bachelor of Business Administration degree from Baylor University and is a Certified Public Accountant.

“We are very pleased to announce the appointment of David Lancelot as our Chief Financial Officer,” said Ben Baldanza, President and CEO of Spirit Airlines. “David was hand-picked as John’s successor as he is an exceptionally talented individual who will be instrumental in taking Spirit to the forefront of the industry as a low cost leader. David’s extensive knowledge in areas of vital importance to Spirit’s new business model will ensure the success of Spirit’s plans for growth in the coming weeks and months. We are grateful to John for his tireless work and for bringing Spirit to this pivotal point in the company’s history.”


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