Air T has announced the resignation of its senior vice president and chief financial officer – Brett Reynolds who will leave the role on 12 April and move to another company.
Reynolds said: “As a long-time medical device industry veteran, I have an opportunity to return to the medical device industry as the CFO of a US-based company that is a leader in laser micro manufacturing for the life sciences, and which was recently acquired by a private equity firm as a platform for an acquisition-driven strategy.
“As I was intending to remain with Air T for the long term, it is with mixed feelings that I make this decision. I will always fondly remember my time at Air T and will be cheering on the Company as it continues to execute and grow.”
Air T chairman and CEO, Nick Swenson said: “We are disappointed to see Brett leave, but understand the uniqueness of the opportunity in front of him; we thus fully support his decision and wish him well.”
The board of directors said it has retained an executive search firm and has commenced a search for his successor. The company’s chief accounting officer, Candice Otey, will continue in her role.
The overnight air cargo segment of Air T consists of Mountain Air Cargo (MAC) and CSA Air (CSA) subsidiaries, which operate in the air express delivery services industry for FedEx. MAC and CSA operate and maintain Cessna Caravan, ATR-42 and ATR-72 aircraft that fly daily small-package cargo routes throughout the eastern United States, upper Midwest and the Caribbean.