Send me real-time posts from this site at my email

JetBlue CFO Schedules His Departure

JetBlue Airways (NASDAQ: JBLU) said on Monday that CFO Steve Priest would be leaving the company, with the airline naming current head of treasury and investor relations Ursula Hurley as acting CFO.

Priest will leave effective June 11 to "pursue a new opportunity," according to JetBlue. He has been CFO since February 2017, joining the company in 2015 after a nearly 15-year career at British Airways.

Image source: JetBlue Airways.

He is leaving after a turbulent year for JetBlue and the entire airline industry. The carrier was forced to cut costs and seek additional funds to navigate the pandemic, and as travel returns, it will need to manage its balance sheet carefully. Prior to the pandemic, Priest was credited with a push by the company to reset its cost structure to allow it to better compete against a new wave of discount competition.

CEO Robin Hayes issued a statement calling Priest "instrumental in helping lead JetBlue through the pandemic," and said Hurley should slot in well.

"Her work helped position JetBlue with one of the industry's strongest balance sheets going into the pandemic," Hayes said. "Over the past year, she successfully led our efforts to preserve our liquidity position, and is the perfect leader to support this transition as we begin to repair our balance sheet and return on a path toward industry-leading margins."

10 stocks we like better than JetBlue Airways
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*

David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and JetBlue Airways wasn't one of them! That's right -- they think these 10 stocks are even better buys.

See the 10 stocks

*Stock Advisor returns as of May 11, 2021

Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool recommends JetBlue Airways. The Motley Fool has a disclosure policy.


Source

Popular posts

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue