Spirit and CEO Ted Christie part company, leaving committee in charge of airline
Spirit Airlines CEO Ted Christie, who led the pioneering discount carrier as it navigated a Chapter 11 bankruptcy restructuring, multiple takeover bids and efforts to make the airline more customer friendly, has stepped down from his post after 13 years with the company, officials announced Monday.
According to a regulatory filing and statement, the airline will be run at least for now by committee. Its board of directors established an Office of the President to be occupied by three incumbent executives: John Bendoraitis, executive vice president and chief operating officer; Fred Cromer, executive vice president and chief financial officer; and Thomas C. Canfield, senior vice president, general counsel and secretary.
“On behalf of the Board and the Spirit team, I thank Ted for his tireless efforts over the course of his 13 years at the Company,” Spirit Chairman Robert Milton said in a statement. “He has seen a lot and done a lot during his tenure here, including navigating the Company through the COVID crisis and multiple strategic junctures, as well as most recently, a corporate restructuring. Ted has kept the company together through challenging times, and for this we wish him all the best going forward.”
