World Air Holdings Announces New Corporate Structure
World Air Holdings, Inc. (NASDAQ:WLDA) today announced several senior management changes associated with the acquisition of North American Airlines, Inc.
North American will continue to be managed independently under its respective operating certificate, now part of the World Air Holdings organization along with World Airways, Inc. and World Risk Solutions, Ltd.
Randy Martinez, who formerly held the president and chief executive officer (CEO) titles for World Air Holdings and World Airways, remains CEO of World Air Holdings. Jeff MacKinney, previously the chief operating officer of World Air Holdings and World Airways, has been promoted to president of World Air Holdings. Reporting to MacKinney at the World Air Holdings level will be:
  * Charlie McDonald, senior vice president and chief operating officer,
    World Airways, Inc.
  * Steve Harfst, senior vice president and chief operating officer, North
    American Airlines, Inc.
  * Charlie Addison, senior vice president of operational support services
  * Rob Binns, senior vice president of marketing and planning
“The new organizational structure will support our current operations and future growth plans, reflecting our goal to further enhance our reputation and leadership as a premier provider of charter airline services,” said Martinez. “The holding company is profitable and growing, with both its operating airline subsidiaries in strong individual financial positions.”
April 29, 2005
Posted in: Airlines & Railways